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Robert Petty

Showing 1–4 of 4 transcripts.

  1. Milken Institute1h 0m

    Credit Market Outlook

    Michael Milken, Ilfryn Carstairs, Pierre de Chillaz, Juan Delgado-Moreira, Lawrence Golub, Robert Petty, Mike Milken

    This panel analysis details how global bank retrenchment has created a six-trillion-dollar capital gap filled by non-bank lenders across the U.S., Europe, and Asia, particularly benefiting small and medium enterprises in regions with improved restructuring laws. While U.S. private credit focuses on senior secured floating rate debt to maintain 11–12% returns amid eroding covenants, Asian and European markets present opportunities for value creation through distressed scenarios and significant currency advantages. Industry leaders like Golub Capital and Hamilton Lane highlight a strategic rotation away from junior debt risks toward operational, direct lending structures to capitalize on these structural shifts while managing leverage and currency volatility.

  2. Milken Institute59 min

    China Disrupted: The Inside View

    Jonathan Woetzel, Goodwin Gaw, Robert Petty, Jing Ulrich, Kwek Ping Yong

    Following five years of dramatic expansion where the bond market grew to $30 trillion and capital flows reversed to net exports, China's economy faces a strategic pivot toward quality growth amidst a 260% debt-to-GDP ratio and strict capital controls. Government initiatives like "One Belt, One Road" and regulatory measures targeting real estate loopholes aim to manage systemic risks while shifting investment focus from heavy manufacturing to service sectors and high-return direct lending. Investors now target minority stakes in founder-led enterprises and cross-border technology acquisitions, anticipating that future expansion will rely on domestic consumption and logistics infrastructure rather than the double-digit GDP rates of the past.

  3. Milken Institute1h 0m

    Credit Market Outlook

    Oriel Morrison, Paul Horvath, Christopher Lee, Shyam Maheshwari, Robert Petty

    A panel of financial experts identifies a global economic inflection point driven by "Japanification" and stagnant growth, prompting a strategic shift away from overvalued Western assets toward Asia's emerging credit markets. Despite significant risks from shadow banking, high non-performing loan ratios, and regulatory fragmentation, the consensus highlights a massive $37 trillion debt expansion and a pivot to non-bank lending as the primary source of alpha in the region. While navigating complex legal environments and a climbing default cycle, institutional investors are increasingly deploying capital into distressed Asian debt through specialized private platforms and creditor-friendly partnerships to capture substantial recovery returns.

  4. Milken Institute1h 0m

    Accessing China's Markets

    Lucy Colback, Robert Petty, Edwin Wong, Larry Zhang, Patrick Zhong, David Freeman, Rob Hanson, Hong Liu, Brian Kessler, Myron Scholes, FEMALE SPEAKER 1

    A panel of financial experts analyzed China's evolving landscape, highlighting regulatory reforms that expanded offshore capital access and the structural shift from heavy industry toward a consumption-driven economy led by a middle class exceeding 100 million people. Speakers distinguished between long-term financial liberalization and tactical management challenges, noting a natural currency hedge from a seven trillion RMB bond market and emerging opportunities in healthcare and distressed assets. The discussion concluded with strategic advice for investors to adopt a five-year horizon, leveraging the gap between domestic and foreign capital managers while navigating communication risks and lease uncertainties.