The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Huw Van Steenis demonstrates a Navigator's command throughout this interview, charting the structural evolution of private credit with precision and calibrated confidence. He maps the terrain across multiple acts: regulatory post-crisis reshaping, the insurance capital pivot, and the emerging wealth democratization wave.
“Interest rate shot for 45 years hardly had an impact on the credit worthiness and the spreads of the major market indices and also the private bonds. But that's not to say there won't be some issues. I mean, let's be clear.”
“The answer that many people give to the DevOps question is it's a very efficient speed dating for three days with people from all over the world. And I think that continues to be the case. I think I've nearly always spent my time really engaging with investors and financial institutions and trying to pick up what the mood is.”
“So, in terms of then secured in terms of hard assets, it's a great question. So, well, let's go back to it. If 43% of the assets for the top leading firms come from insurers, the vast majority of that is going to be investment-grade assets secured by something. So I think you're going to get somewhere between 40 to 50 percent probably.”
“Oh gosh, great question. I think it's the same red thread through my time at Jacob Morgan and Morgan Stanley and to be honest, even advising the former governor of the Bank of England, Mark Carney, is that it's about trying to think about investment problems, understand the trends and really provide good advice on investment or strategic…”
Money Maze Podcast: “Private Credit: Hype, Hazard, or the Next Big Thing in Long-Term Growth? With Huw Van Steenis, Vice Chair of Oliver Wyman.”
LISTEN AT THE SOURCE ↗THE RECORD IS CHECKABLE