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Zortix matched this thesis to Real estate ETFs as one way for retail investors to get exposure. Not a recommendation.

Private credit and real estate in a troughing phase

The guest framed private credit as going through a cycle similar to real estate, with a current troughing phase presenting opportunities on the other side.

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The Callback

Private credit slowdown threatens debt refinancing cycles

25 weeks between these two statements.

Then

The guest argued that the widespread media narrative of a private credit bubble is incorrect, conflating isolated issues with the overall health of the asset class.

ANIMAL SPIRITS · 11 MAR 2026 · 4:30Open in Zortix →
Now

The guest framed private credit as going through a cycle similar to real estate, with a current troughing phase presenting opportunities on the other side.

THE DERIVATIVE · 3 SEP 2026 · 1W AGO · 39:09
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NOT INVESTMENT ADVICE · A SUMMARY OF WHAT WAS SAID ON THE PODCAST · VERIFY AGAINST THE SOURCE