Ares Management & Pengana Credit
Nehemiah Richardson, CEO of Pengana Credit, sits down with Joel Holsinger, Partner, Portfolio Manager, and Co-Head of Alternative Credit at Ares Management, to unpack how investors should navigate private credit in today’s uncertain environment.
The conversation cuts through market noise and headlines to focus on what truly matters-risk management, portfolio construction, and investing through cycles. Drawing on nearly three decades of experience, Joel shares how institutional investors approach credit and where opportunities are emerging across asset-based finance and direct lending.
They also explore the key themes shaping markets today, including liquidity dynamics, the impact of AI, valuation considerations, and the structural drivers behind private credit’s growth. The discussion concludes with perspectives on manager selection, capital flows, and the importance of maintaining a long-term, fundamentals-driven approach to investing.
Key discussion points
- Covers risk management, portfolio construction, and how to invest through cycles, drawing on nearly three decades of experience
- Explores how institutional investors approach private credit and where opportunities are emerging across asset-based finance and direct lending
- Discusses key market themes, including liquidity dynamics, the impact of AI, valuation considerations, and structural growth drivers
- Concludes with perspectives on manager selection, capital flows, and the importance of a long-term, fundamentals-driven approach
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