In our second Convergence episode on the merging of private and public credit markets, partners Brian Weinstein and John Cortese unpack how rapidly shifting conditions are reshaping where and how investors find opportunity. With AI-driven disruption, geopolitical events and other dynamics in play, what looked like a more straightforward buyer’s market just months ago has evolved into a more nuanced market defined by dispersion, complexity and the need for deeper underwriting.

In this conversation, Brian and John explore:

• Why credit markets have become harder to navigate

• How the convergence of public and private credit is redefining risk, pricing and opportunity

• Today’s issuance boom (from hyperscalers to structured financing)

• Why dispersion may be the defining theme for investors

• How a bottoms-up, multi-asset approach is becoming essential in a more fragmented market