Drew McKnight, Co-CEO and managing partner of Fortress; Armen Panossian, incoming Co-CEO of Oaktree, join ‘Fast Money’ to talk private credit, the Federal Reserve, macro trends their watching and more….(read more)

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In the world of private credit, two key players have been making waves in 2024 – Drew McKnight of Fortress Investment Group and Armen Panossian of Oaktree Capital Management. As the private credit landscape continues to evolve, McKnight and Panossian have been at the forefront, driving innovation and shaping the future of the industry.

Drew McKnight, the Managing Director at Fortress Investment Group, has been a driving force in the expansion of the firm’s private credit platform. With a keen eye for investment opportunities and a deep understanding of the credit markets, McKnight has been instrumental in identifying and executing on opportunities in the private credit space. Under his leadership, Fortress has continued to grow its private credit business, offering a range of products and strategies to meet the diverse needs of its clients.

Armen Panossian, on the other hand, has been leading the charge at Oaktree Capital Management, a global investment firm specializing in alternative investments. As the Co-Portfolio Manager of Oaktree’s Performing Credit and Value Opportunities strategies, Panossian has been instrumental in driving the firm’s success in the private credit space. With a focus on fundamental credit analysis and value-oriented investing, Panossian has been able to identify attractive opportunities and generate strong returns for Oaktree’s investors.

In 2024, both McKnight and Panossian have faced a rapidly evolving private credit landscape. As interest rates have remained low and traditional fixed income investments have become less attractive, investors have increasingly turned to private credit as an alternative source of yield. This has created a highly competitive environment, as investment firms vying for the best opportunities in the private credit space.

Despite these challenges, McKnight and Panossian have been able to thrive, leveraging their expertise and networks to source and execute on compelling investment opportunities. With a keen understanding of the credit markets and a focus on value-oriented investing, they have been able to navigate the changing landscape and generate strong returns for their respective firms.

Looking ahead, both McKnight and Panossian remain optimistic about the future of private credit. As the demand for alternative sources of yield continues to grow, they see ample opportunities to continue building out their firms’ private credit platforms and delivering value to their investors. With their proven track record and deep industry knowledge, McKnight and Panossian are well-positioned to continue driving innovation and shaping the future of private credit in the years to come.