The Minutes of Howard Marks on direct lending https://minutesof.com/howard-marks/on/direct-lending/ Everything Howard Marks has said on direct lending: 2 verbatim quotes from June 2026, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:22:28 +0000 Marks admits he didn't foresee private credit growing from zero to $1.7 trillion in fifteen years. https://minutesof.com/q/6715512c-04c8-4854-82e0-69cb20d492c8/ https://minutesof.com/q/6715512c-04c8-4854-82e0-69cb20d492c8/ “I didn't foresee the growth of private credit, which the part of private credit which loans money for mid sized buyouts we call direct lending.” — Barron's Fri, 12 Jun 2026 17:53:42 +0000 direct lending Marks reports roughly 700 direct lending managers now manage $1.7 trillion in a favorable economy that made ma https://minutesof.com/q/c99a0efe-5954-4142-9655-3a3ce8ede630/ https://minutesof.com/q/c99a0efe-5954-4142-9655-3a3ce8ede630/ “So the the the And the availability of that $1,700,000,000,000 put a lot of people into business and made a lot of people extremely successful along with a very favorable economy” — Prof G Markets Fri, 12 Jun 2026 11:00:07 +0000 direct lending