The Truth About Private Credit | Michael Haynes of Beach Point Capital

This episode is brought to you by CAIA.nxt. Learn more about their alternatives education courses for investment advisors and get 10% off with code MMTEN: https://caia.org/content/welcome-mone... Michael Haynes, Head of Private Credit at Beach Point Capital Management, joins Jack for a discussion of private credit. Michael explains the nuances of the asset class and why he sees panic around it as overblown. Recorded on April 2nd, 2026. Follow Jack Farley on Twitter https://x.com/jackfarley96 Follow Michael Haynes on LinkedIn   / michael-haynes-9550b295   Follow Monetary Matters on: Apple Podcasts https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez Timestamps 00:00 Intro 00:50 CAIA Pre-roll 01:02 Private Credit Definitions 24:13 Liquidity in Private Markets 32:52 CAIA Mid-roll 33:51 Dislocation Between Public and Private Markets 38:02 Business Development Companies 40:04 Leverage in Private Credit 44:28 Limited Partners in Private Credit 49:41 Semi-Liquid Structures 54:06 Direct Lending and Defaults 01:08:37 CAIA End-roll #economy #macro #finance #credit #privatecredit #investing #markets