The Opportunities In Opportunistic Credit | Global Alts Miami 2026
Where is the real alpha in private credit? Four specialists break down the dislocations they’re finding—from a trillion dollars in maturing CRE loans to asset-based lending in venture to patent monetization wrapped with insurance.
Featuring:
- Preet Chawla, Managing Director, Carnegie Corporation of New York (Moderator)
- Greg Friedman, Managing Principal & CEO, Peachtree Group
- Keri Findley, CEO & CIO, Tacora Capital
- Sanjay Pant, JD, Managing Member, IP Edge
TIMESTAMPS:
0:00 – Why Carnegie focuses on opportunistic over direct lending
1:10 – Peachtree Group: $10B AUM, 70% credit focused
1:47 – Tacora’s thesis: Asset-based lending to venture-backed businesses
3:09 – IP Edge: Patent monetization with insurance protection
5:22 – How the insurance wrapper works in IP investing
6:12 – Asset-based lending deep dive: SPVs and asset seizure
7:03 – “A third of our deals don’t work”
7:48 – “Without fraud, it’s hard to lose money”
8:22 – CRE dislocations: “Survive to 25… Grinding to 29”
9:30 – A trillion dollars in maturing loans
10:23 – $2B direct lending, $600M buying bank paper
10:50 – How AI is changing credit
11:27 – AI killed deal flow for asset-based lenders
12:21 – AI driving office recovery in Northern California
12:44 – AI reducing transactional costs in patent monetization
14:01 – Impact of capital influx on sourcing
16:01 – Mega funds refinancing borrowers out early
17:02 – “Media glamorized it, then villainized it”
18:01 – Buying back-leveraged facilities from other PE firms
18:23 – The evergreen fund debate
19:12 – “$30M to $500M to zero” – Why warrants kill evergreens
20:47 – How falling rates affect each strategy
22:56 – Biggest LP misconceptions about private credit
24:24 – Asset-based vs direct lending explained
25:33 – “16 years, never gone to trial”
