Rowan bluntly states any first lien credit manager unable to handle 5% quarterly redemptions is incompetent.
“if you can't as a first lien credit manager meet 5% redemptions per quarter, I'll say it frankly, you're an idiot. This is not that hard to do.”
Rowan says people join firms but stay for culture, and innovation requires accepting mistakes.
“People join firms, but they stay for cultures. Now we have to be really intentional about who we are and what we want to be. To innovate, you have to have a culture that’s prepared to make a few mistakes along the way.”