Stanford Brown, Meet the investor, Kyle McCarthy, Executive Vice President and Private Credit Strategist at PIMCO.
Stanford Brown - Meet the investor Kyle McCarthy, Executive Vice President and Private Credit Strategist at PIMCO
In this episode of Meet the Investor, Stanford Brown Principal, Senior Investment Director, Private Office Adviser Joey Mouracadeh is joined by, the world’s largest fixed-income manager with over $2 trillion in assets under management Kyle McCarthy. Kyle takes us into asset-based lending, a growing segment within private credit, where PIMCO has deployed over $190 billion in the last decade.
Kyle breaks down the diverse components of asset-based lending, including consumer finance areas like auto loans, credit cards, and student loans, as well as non-consumer categories such as aviation finance, equipment leasing, and even royalties from music and pharmaceuticals. He also explains how these pools of loads offer unique diversification benefits compared to traditional corporate lending.
We explore how structural shifts in banking have opened opportunities in this sector and how PIMCO leverages its deep expertise in analytics to navigate this complex and evolving market.
We hope you enjoy it!
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