Part 7/9:
Marks pointed out that while the current investment environment has not showcased much distress, he foresees opportunities arising as interest rates climb. He expressed excitement about the potential in distress debt, as many companies may struggle to roll over unsustainable debts in the coming years.
In discussing private credit, Marks acknowledged the increased focus on this asset class but remained cautiously optimistic. He stressed the need for quality underlying assets and prudent management practices, especially in a rapidly changing investment landscape.