Larry Post

Global Capital Markets The Search for Value

Laura Deal Lacey, Michael Milken, Gordon Fyfe, Lawrence Golub, Omar Lodhi, Larry Post

Leading institutional investors including BC Pension Fund, Arena Capital, Golub Capital, and emerging markets specialist Omar Choudhry convened to address the intensifying pressure of meeting 6%–7.5% return targets in a low-growth global environment. The panel detailed strategies for overcoming these challenges through geographically diversified active management in India, Africa, and distressed Brazilian assets, while leveraging short-duration high yield and non-bank middle market lending to capture illiquidity premiums. Emphasizing rigorous credit discipline, fee compression via internalization, and deep local partnerships, the group highlighted that sustained performance will rely on avoiding capital preservation failures rather than chasing high-volatility gains.