Chris Pariseault, head of institutional portfolio managers at Fidelity Investments, discusses the role of culture in successful direct lending partnerships, specifically in the middle market.
The first episode of the podcast series "Alternative Angles" features insights from David Gaito of Fidelity and Ariel Goldblatt of StepStone Group, focusing on the $1.2 trillion direct lending market, an important part of the $1.8 trillion private debt landscape.
The conversation explores the challenges faced by small and mid-sized companies that rely on direct lending due to limited access to public markets. Key topics include market inefficiencies, the need for a disciplined investment approach, and the current environment influenced by rising interest rates. The speakers highlight the significance of diversification as a strategy to effectively navigate these challenges.
The podcast can be found on major platforms such as Spotify, Apple Podcasts, and YouTube.