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Scott Goodwin: Private credit loaded with software 'almost criminal'

Business Insider·Bradley Saacks·20 days ago
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Scott Goodwin founded $30 billion credit-focused manager, Diameter Capital. FII Scott Goodwin, the founder of $30 billion Diameter Capital, spoke Tuesday at the Sohn conference. Goodwin has been a critic of private credit funds that are overly exposed to software. He identified three areas where his firm is investing to capitalize on some funds' pain. Diameter Capital founder Scott Goodwin opened his Sohn conference presentation Tuesday with a blunt assessment of private credit. Goodwin, whose firm manages $30 billion and invests across different credit opportunities, has been critical of private credit managers that have loaded up on loans to asset-light companies exposed to disruption from artificial intelligence. In a letter to investors from earlier this year, he predicted a "reckoning" in the private credit space.…

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