Private Credit with David Hirschmann, Co-Head of Permira Credit - Episode 142

In this episode of Definitely Uncertain, we discuss we discuss the evolving landscape of private credit and the potential impact of AI on market performance. David Hirschmann of Permira Credit explores the current shift toward a lender's market and how recent technological launches, like Anthropic's Claude 4.6, have created market anxiety regarding software-related loans. The conversation examines the pressure to deploy capital in the retail channel and the widening of spreads in the European mid-market. Additionally, the guests analyze how tensions in the Middle East and energy supply dependencies are affecting global M&A activity and GDP forecasts.IN THIS EPISODE, WE DISCUSS:• AI and Software Vulnerability• Private Credit Market Shifts• Retail Channel Capital Flows• Sector Expertise and Performance• Effects of Regional Conflicts and Energy Supply on Global M&AABOUT DAVID HIRSCHMANNDavid joined Permira Credit in June 2015 as Head of Private Credit. In December 2023, David was named Co-Head of the business, where he holds the position of overseeing the direct lending and strategic opportunities strategies. He serves as a member of the Investment Committee for the direct lending and strategic opportunity funds, as well as a member of the Permira Credit Executive Committee. David has 27 years of European credit experience. Prior to joining Permira Credit, he was Managing Director at Barings (formerly Babson Capital), where he was responsible for sourcing and transacting opportunities and was a member of the private debt investment committee. Before that, David worked at UBS in Leveraged Finance and Financial Sponsors coverage.ABOUT DEFINITELY UNCERTAINSince 2020, Goldrock has produced Definitely Uncertain, The Private Wealth Podcast. The podcast helps to unravel the many uncertainties facing high-net-worth families, covering topics ranging from investment strategies and macro trends to family governance and philanthropy.ABOUT GOLDROCKGoldrock is a trusted family office advisory firm - assisting significant families in the management of their affairs and financial assets. Goldrock understands the importance of wealth preservation and risk mitigation, and has first-hand experience managing significant family events and milestones. We are strong believers that asset allocation is the key driver to investment returns. We create our own global asset allocation which is applied uniquely to each family and work with the best investment managers from around the world. Our only interests are those of the families we serve. We are a fee-only, non-discretionary adviser. The firm was established in 1998 by Daniel Goldman.Learn more: https://www.goldrockcap.com/Subscribe to stay updated on how to navigate the uncertainties of private wealth.