“We believe it’s a $6 trillion opportunity set” in private credit, says Fortress Investment Group Co-CEO and Managing Partner Drew McKnight in an interview on CNBC. “The amount of capital that does need to move from the small and regional banking system into private credit is frankly immense.”
“We feel that [private credit] is actually a place to hide – where you can earn those high single digits, low double digit returns on a net basis in a somewhat insulated world, versus the volatility in the stock market and the risk in the bond market.”
Watch the full interview to hear more about Drew’s thoughts on private credit and how Fortress’s investment strategies are poised for growth.