Justin Slacky

Evolving Opportunities in Capital Markets

Mark Antonacio, Colleen Campbell, Lowell Craft, Soren Reinertsen, Justin Slacky

Mark Antonacio, Colleen Campbell, and four other financial experts convened to analyze credit market risks characterized by a potential leveraged loan bubble, deteriorating covenant quality, and an artificially extended cycle driven by Federal Reserve stimulus. The panelists highlighted a structural divergence where record refinancing volumes mask stable leverage metrics, while regulatory shifts force banks out of middle-market lending and onto non-traditional sectors like energy and infrastructure. Ultimately, the discussion identified liquidity constraints and pension fund underfunding as primary near-term threats, prompting a strategic shift toward consolidation in alternative asset management and increased reliance on private credit vehicles.