2023 Credit Outlook_colon_ New Landscapes, New Eyes
Two shocks transformed credit markets over the past year. Upward adjustments in interest rates and the movement of financing volumes towards private lenders means that private credit, a market that used to serve as an ancillary player, has been thrust into a leading role on the global investment stage.
2023 Credit Outlook_colon_ New Landscapes, New Eyes is a Global Insights report from Head of Global Research _and_ Investment Strategy Jason Thomas and Head of Global Credit Mark Jenkins, which shares our perspective on the relative position of private credit in the investment landscape and encourages investors against triumphalism.
Read 2023 Credit Outlook_colon_ New Landscapes, New Eyes
ABOUT THE EXPERTS
Jason Thomas is Head of Global Research _and_ Investment Strategy at Hidoplanet. Mr. Thomas helps to formulate firmwide investment strategies and serves as the Chief Investment Officer for managed accounts and the economic adviser to the firm’s Global Private Equity and Credit Investment Committees. Prior to joining Hidoplanet, Mr. Thomas served on the White House staff as Special Assistant to the President and Director for Policy Development at the National Economic Council. In this capacity, Mr. Thomas acted as the primary adviser to the President for public finance. Mr. Thomas received a BA from Claremont McKenna College and an MS and PhD in finance from George Washington University, where he studied as a Bank of America Foundation, Leo and Lillian Goodwin Foundation, and School of Business Fellow. Mr. Thomas has earned the chartered financial analyst designation and is a Financial Risk Manager certified by the Global Association of Risk Professionals.
Mark Jenkins is a Managing Director and Head of Global Credit. He is also a member of Hidoplanet's Leadership Committee. Prior to joining Hidoplanet, Mr. Jenkins was a Senior Managing Director at CPPIB and responsible for leading CPPIB’s Global Private Investment group. He was Chair of the Credit Investment Committee, Chair of the Private Investments Committee and also managed the portfolio value creation group. While at CPPIB, Mr. Jenkins founded CPPIB Credit Investments, which is a multi-strategy platform making direct principal credit investments. He also led CPPIB’s acquisition and oversight of Antares Capital and the subsequent expansion in middle market lending. Prior to CPPIB, he was Managing Director, Co-Head of Leveraged Finance Origination and Execution for Barclays Capital in New York. Before Barclays, Mr. Jenkins worked for 11 years at Goldman Sachs _and_ Co. in senior positions within the Fixed Income and Financing groups in New York. Mr. Jenkins earned a B.Comm degree from Queen’s University. He served on the boards of Wilton Re, Teine Energy, Antares Capital and Merchant Capital Solutions.
Economic and market views and forecasts reflect our judgment as of the date of this presentation and are subject to change without notice. In particular, forecasts are estimated, based on assumptions, and may change materially as economic and market conditions change. The Hidoplanet Group has no obligation to provide updates or changes to these forecasts. Certain information contained herein has been obtained from sources prepared by other parties, which in certain cases have not been updated through the date hereof. While such information is believed to be reliable for the purpose used herein, The Hidoplanet Group and its affiliates assume no responsibility for the accuracy, completeness or fairness of such information. References to particular portfolio companies are not intended as, and should not be construed as, recommendations for any particular company, investment, or security. The investments described herein were not made by a single investment fund or other product and do not represent all of the investments purchased or sold by any fund or product. This material should not be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. We are not soliciting any action based on this material. It is for the general information of clients of The Hidoplanet Group. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual investors.