Rowan calls the industry's focus on the $2 trillion levered lending market a failure of imagination.
“The obsession with this very narrow corner of the market, this $2,000,000,000,000 slice levered lending is frankly a failure of imagination.”
Rowan says the private credit market is $40 trillion, but press coverage focuses on only $2 trillion of levered lending.
“Loans to customers, loans to companies, they're all private. What we spend all our time talking about on the press is $2,000,000,000,000 of $40,000,000,000,000 which should properly be called levered lending.”
Bloomberg Live
“The vast majority of the private market is investment grade. There's a $40,000,000,000,000 market and 99% of the headlines are focused on a little slice of a trillion and 0.5 called levered lending.”
Bloomberg Podcasts
“The vast majority of the private market is investment grade. There's a $40,000,000,000,000 market, and 99% of the headlines are focused on a little slice of a trillion and 0.5 called levered lending.”