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Podcast: FICC Focus
Episode: Credit Crunch: KKR’s Pietrzak on Asset-Based Finance, AI Impact
Description: “There’s some articles out there that [suggest] once there’s losses, there could be a bunch of fire sales of assets ... not true,” says KKR Partner and Global Head of Private Credit Daniel Pietrzak when discussing misunderstandings about private credit markets. “We’ve got $131 billion of AUM. Almost none of that has any redemption feature.” Pietrzak joins Bloomberg Intelligence’s Noel Hebert on the latest episode of Credit Crunch to talk about volatility, continued market growth – especially in asset-based finance – and strategic partnerships like the company’s recent deals with Harley-Davidson and PayPal. They also examine global opportunities, how AI factors into le...