In this episode of Industry Insights: Exclusive Interviews host Julie Miecamp introduces a sweeping conversation on the evolution of private credit with someone who helped shape the space from the ground up.

Octus reporter Katherine Schwartz sits down with Michael Gross CEO and co-founder of SLR Capital Partners to explore how the once niche asset class has transformed into a highly liquid increasingly commoditized segment of global finance. From his early days at Apollo to building one of the most diversified platforms in the industry, Gross brings more than 30 years of experience to a candid and timely discussion.

They examine the post–golden age hangover, the decline of illiquidity premiums, and the shift from cash flow lending to asset-based strategies. Gross explains why real edge today comes from underwriting complexity, not chasing scale, and how institutional appetite is reshaping the market from the inside out.

The conversation also covers retail capital, documentation risk, and platform evolution... offering hard-earned perspective on where opportunity lives now and what investors are still getting wrong.

Plus, a rapid-fire close on what keeps Gross up at night, what he misjudged about life sciences, and the overlooked corners of credit he believes still hold real promise.

If you are trying to understand where private credit creates value in 2025, this is the episode to hear.

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Hosted by: Julie Miecamp