Private credit has become one of the most important forces in global finance, and host Julie Miecamp opens the episode (00:00) by bringing in Guest Interviewer Paola Aurisicchio, Chief Correspondent for Large Cap Private Credit at Octus (00:45). Paola explains why she wanted this conversation and why Guest Joseph Glatt, Partner and Co-Chair of the Global Private Credit Group at Paul Weiss, offers a rare long-cycle perspective before handing things over to him (01:30).

Joseph begins by outlining how private credit accelerated after the financial crisis (03:40) and the forces shaping its next chapter (05:01). He then breaks down what differentiates asset-based finance (06:50), why it has expanded so quickly (08:45), and which sectors are seeing the most momentum (09:45), from data centers to healthcare receivables to music and media royalties.

The conversation moves into how documentation and structures are evolving (10:56), before Paola asks why investment-grade companies are increasingly turning to private credit (12:40). Joseph explains at (13:00) that speed, certainty, and customization now often outweigh public-market pricing, with customization emerging as the major advantage (14:49).

Joseph then walks through financing the digital infrastructure boom (17:20) and why capacity underwriting matters more than deal size (19:56). The discussion expands into sports financing (20:37), including the legal and structural challenges around media rights, cross-collateralization, and league consents (23:00), and the growth ahead in women’s sports and esports (24:00).

Looking forward (24:52), Joseph predicts deeper global expansion, more collaboration between banks and private credit, and greater transparency. At (25:38), he outlines the qualities that will define the next generation of leading platforms.

The episode closes with a personal segment (26:09) where Joseph reflects on what drew him to the law, the career moment he is most proud of (27:04), his advice for young lawyers (27:29), and a few rapid-fire questions (28:17). Julie wraps at (29:02).

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Hosted by Julie Miecamp (Deputy Global Head of Editorial, Octus)