Part 7/10:
Jamie Dimon, CEO of JPMorgan Chase, expressed concerns about credit risk, especially in the context of the automotive industry and overall economic stability. However, Mark defended private credit markets, highlighting their resilience with impressive performance metrics. Over the past decade, Blue Owl has issued around $150 million in loans with a remarkably low default rate of just 13 basis points annually, or approximately 0.1%. This performance indicates a strong risk-adjusted return profile, suggesting that private credit remains a safe and strategically advantageous investment avenue, especially when managed by skilled managers.