{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Michael Gatto on Private Credit, AI Risk and What Separates the Survivors","description":" Michael Gatto, partner at Silver Point Capital and head of its Private Side, joins Marti P. Murray, president of Murray Analytics and a senior consultant in the finance practice at Charles River Associates, to discuss the credit markets and what it takes for investors to succeed in them. Michael traces Silver Point\u2019s growth from $120 million at its 2002 launch to roughly $50 billion across special situations, private credit and CLOs, and explains why more than half the firm\u2019s capital now sits in performing debt. They also cover AI\u2019s disruptive force in credit, what payment-in-kind structures do to a lender when a borrower is in secular decline, and where the dislocation is creating opportunity. Michael, who teaches at Columbia Business School and Fordham University, wrote The Credit Investor\u2019s Handbook: Leveraged Loans, High Yield Bonds, and Distressed Debt because no book on the market taught the job the way he wanted to teach it. He pulls case studies from it throughout, including one Irish conglomerate whose restructuring turned violent. To learn more about turnaround management, news, and experts, visit turnaround.org. Episode Links Our episode is sponsored by Oliver Wyman. Learn more about Michael Gatto. Learn more about Marti P. Murray. Find The Credit Investor\u2019s Handbook. Read Michael\u2019s piece on what a credit analyst can learn from First Brands. Learn more about the Turnaround Management Association here. Our music is by Kit and the Calltones. ","author_name":"Turnaround Time","author_url":"https:\/\/lp.constantcontactpages.com\/cu\/KnR13hm\/turnaroundtime","html":"