Executive Summary
Blackstone's Global CIO Michael Zawadzki reveals the firm has grown from zero to over $500 billion in credit assets by creating a "farm-to-table" lending model that eliminates traditional banking intermediaries. The most significant development is private credit's expansion into investment grade territory, driven by AI infrastructure financing needs. Morgan Stanley estimates $800 billion in private credit will be required for digital infrastructure buildout over five years. Zawadzki emphasizes t...
Key Investment Opportunity
Investment Grade Private Credit Expansion
Blackstone's move into investment grade private credit represents sector maturation and reduced risk profile while maintaining spread premiums over public markets
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