Centerbridge's Aronson Defends Private Credit: 'Take a Breath'

Core Viewpoint - The characterization of private credit and direct lending as "garbage lending" is considered an overstatement by industry experts [1] Group 1: Industry Perspectives - Jeff Aronson, co-founder and managing principal of Centerbridge Partners, argues against the negative labeling of private credit and direct lending [1] - Aronson emphasizes that lending experiences cycles of peaks and valleys, indicating a more nuanced view of the lending landscape [1] - The term "garbage lending" was previously used by Jeffrey Gundlach, CEO and founder of DoubleLine Capital, highlighting a divide in opinions within the industry [1]