Michael Gross, mentioned 9 times across podcast episodes and expert conversations analyzed by Sonic.
Michael Gross believes there is a "diseconomy of scale" in asset management, where firms targeting $1 trillion or $2 trillion in assets focus on accumulation over investment performance.
Software loans, which represent 20% to 30% of some private credit portfolios, still have significant downside risk.
The negative ROEs reported by some BDCs were caused by their Net Asset Values being written down to reflect the mark-to-market of their software loans.