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Credit Exchange with Lisa Lee

ION Group
Private Credit
Credit Markets
Artificial Intelligence
Inflation
Federal Reserve
Tariffs
Europe
Interest Rates
Mergers and Acquisitions
M&A Activity
Private Equity
Labor Market
Equity Markets
Recession
Ares
Donald Trump
Private Credit Market
Consumer Spending
Asset-Based Finance
Investment-Grade Private Credit

Credit Exchange with Lisa Lee. Explore the latest trends in global credit markets with the biggest movers and shapers on Wall Street and the City, hosted by financial reporting veteran Lisa Lee.

PublishesWeeklyEpisodes74Founded2 years ago
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InvestingBusinessBusiness NewsNews

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Artwork for Credit Exchange

Latest Episodes

“Whenever you have noise, that leads to more selling volume in our market – so volatility for us as secondary investors is a very good thing,” says Michael Schad, head of credit at Coller Capital, a secondaries specialist with $55 billion in AUM, on ... more

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“It’s just like nothing we’ve ever seen before,” says Bryan Whalen, CIO of fixed income at $200 billion global asset manager TCW, in reference to AI’s capital spend, equity prices and momentum on the latest edition of Credit Exchange with Lisa Lee. “... more

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“One of the predictions I would make is that the private equity industry is in a tectonic, Darwinian moment itself,” says David Golub, co-CEO of Golub Capital, a direct lending specialist with more than $90 billion in AUM.

Speaking on the latest epi... more

YouTube

Lotfi Karoui, multi-asset credit strategist at fixed-income behemoth PIMCO, says the top risk to markets and the economy is the potential unwinding of the AI capex cycle, on the latest episode of Credit Exchange with Lisa Lee.

“Then you’re going to ... more

YouTube

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Recent Guests

David Golub
Co-CEO of Golub Capital
Golub Capital
Episode: Golub co-CEO sees a Darwinian moment for private capital
Lotfi Karoui
Multi-asset credit strategist and co-head of Client Solutions and Analytics at PIMCO
PIMCO
Episode: PIMCO’s multi-asset credit strategist on the AI infrastructure buildout versus adoption
Aaron Kless
CEO and CIO of Andalusian Credit Partners
Andalusian Credit Partners
Episode: Andalusian CEO says smaller firms are managing energy price spikes “quite well”
Jonathan Fascitelli
Founder and CEO of Seregh
Seregh
Episode: Seregh’s founder and CEO talks about opportunities in sports and arena real estate
Ari Stefanescu
Co-head of Global Credit at Permira
Permira Credit
Episode: Permira Credit co-head says to brace for a more complex, late-cycle environment
Gauthier Reymondier
Head of European Credit at Bain Capital Credit
Bain Capital Credit
Episode: Bain Capital’s head of European credit says private credit exists for a reason
Jeff Kivitz
Chief Investment Officer at Canyon Partners
Canyon Partners
Episode: Canyon’s CIO says more distressed opportunities await
Alex Chi
Deputy CIO of Global Credit at Carlyle (CarLy) and head of direct lending
Carlyle Group
Episode: Carlyle’s deputy CIO of credit says they are starting to see inflationary cost pressures
Marko Papic
Chief Strategist at BCA Research
BCA Research
Episode: BCA’s chief geo-macro strategist says Iran war will lead to sticky inflation

Host

Lisa Lee
Host of Credit Exchange with Lisa Lee

Reviews

4.9 out of 5 stars from 24 ratings
  • Fan of Lisa

    Lisa asks great questions and is able to get great guests because she brings her business perspective and long history covering this space to all her interviews.

    Apple Podcasts
    5
    tomchm
    United Kingdoma year ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Insightful host with strong business perspective and guest-selection finesse.
Excellent synthesis of macro drivers and private credit dynamics.
Questions drive clarity and actionable takeaways for institutional investors.
High-caliber guests that offer practical, real-world credit market insights.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

Golub co-CEO sees a Darwinian moment for private capital
Q: How has Golub Capital navigated this cycle and what has changed since the financial crisis?
Golub Capital leveraged its one-stop, non-bank lending model to gain share during the crisis, and continued to grow by funding larger transactions as the market evolved, while maintaining a focus on core middle-market lending.
Golub co-CEO sees a Darwinian moment for private capital
Q: What moment do you think we're in right now for private credit?
Returns are lower and cyclical pressure is present, but this is a normal phase that often leads to a self-correcting improvement; it's a Darwinian moment where some players will fade while others gain strength based on their competitive advantages.
Seregh’s founder and CEO talks about opportunities in sports and arena real estate
Q: How do you approach capital structure for these projects?
We mix debt and equity in a sophisticated capital stack, use mezzanine and public-private partnerships where appropriate, and align with public entities to manage risk and maximize long-term returns across a global pipeline.
Seregh’s founder and CEO talks about opportunities in sports and arena real estate
Q: What is the core thesis behind Seregh's stadium and arena developments?
The core thesis is to turn stadiums and arenas into multi-use communities—adding residential, retail, and office components so that people come for events and stay for a living district, thereby creating ongoing demand, foot traffic, and economic activity.
Bain Capital’s head of European credit says private credit exists for a reason
Q: What are you doing in defense and how do LQs affect your risk tolerance?
Defense is treated cautiously and in line with the firm's risk framework; the emphasis is on creating a resilient European industrial base through selective investments, partnerships, and standards that align with the firm's LQ constraints, prioritizing long-term stability over opportunistic risk.

Audience Metrics

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Frequently Asked Questions About Credit Exchange

What is Credit Exchange about and what kind of topics does it cover?

This show consistently cranes its focus toward private credit, alternative assets, and global macro dynamics shaping debt markets. Episodes frequently explore how AI, inflation, and liquidity cycles affect underwriting, deal flow, and capital structures, with guests ranging from private equity-backed lenders to large-cap asset managers. A recurring strength is drawing practical takeaways for institutional investors and lenders, including portfolio positioning in stressed periods, the evolving role of private vs. public credit, and cross-asset implications in Europe, Asia, and the U.S. The format tends to feature candid conversations that connect market structure, sector-specific opportunities (real estate, infrastructure, sports venues), an... more

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Which podcasts are similar to Credit Exchange?

These podcasts share a similar audience with Credit Exchange:

1. The Credit Edge by Bloomberg Intelligence
2. FICC Focus
3. The View From Apollo
4. Capital Allocators – Inside the Institutional Investment Industry
5. Exchanges

How many episodes of Credit Exchange are there?

Credit Exchange launched 2 years ago and published 74 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Credit Exchange?

Recent guests on Credit Exchange include:

1. David Golub
2. Lotfi Karoui
3. Aaron Kless
4. Jonathan Fascitelli
5. Ari Stefanescu
6. Gauthier Reymondier
7. Jeff Kivitz
8. Alex Chi

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