From investment-grade to high yield, investors and allocators are grappling with a less-than-robust medium-term monetary outlook that shows few signs of abatement, despite cooling inflation, productivity gains, and relative resilience in asset classes such as private debt. With 10-plus years since the global financial crisis and the last 3 years marked by extreme financial stimulus, borrowers and lenders have had to acclimate to unfamiliar territory characterized by a higher cost of capital, an ever-changing regulatory environment, and technological disruptions. What are the lessons of the past decade? Where are markets headed next? What appears compelling today and has potential for tomorrow? Finally, what more can be done to keep capital accessible and ensure prosperity for all?

Moderator

Michael Milken

Chairman, Milken Institute

Speakers

James Keenan

Chief Investment Officer and Global Head of Credit, BlackRock

Victor Khosla

Founder and Chief Investment Officer, Strategic Value Partners

Marc Lipschultz

Co-CEO, Blue Owl Capital

Purnima Puri

Governing Partner and Head of Liquid Credit, HPS Investment Partners