Media, News & Insights

Co-CEO Josh Pack at Milken Institute's Asia Summit 2024

Josh shared his perspectives on the role of private credit in the corporate and real estate sectors

September 30, 2024

2024-Josh-Pack-at-Milken-Asia-880x600.png

“This is going to be a four-year cycle where commercial real estate prices probably aren’t going to move very much from where they are today, and it’s going to take a lot of capital to restructure not only the balance sheet of the banks, but also all of these underlying loans that they have [and] private credit is well positioned to fill the breach, and to continue to deploy capital.”

Joshua Pack, Co-CEO of Fortress Investment Group, shared his perspectives on the role of private credit in both the corporate and real estate sectors at Milken Institute’s Asia Summit 2024, in a session titled Riding the Waves of Credit: Strategies for an Uncertain Future.

Josh spoke about how companies in general have been incredibly resilient over this rate cycle increase, the relative underperformance in the real estate sector, and how illiquidity in the banking system has been a driver of the current cycle.

To hear more of Josh’s perspective, watch his panel discussion on the Milken Institute website (free registration required).