Description
Private credit is one of the fastest-growing corners of the capital markets — and the cracks are starting to show. Valuation credibility is eroding, regulators are asking hard questions, and the path to retirement capital is far from settled.
Join Michael Brawer, CEO & Founder of Transparency Analytics, and Ishan Sachdev, General Partner of Deciens Capital, for a clear-eyed look at where private credit stands today — and what has to change for it to stand tomorrow.
No prior expertise required. We’ll start with the fundamentals — what private credit is, how it connects to insurance and retirement capital — then go deeper.
We'll cover:
The valuation credibility gap. Why "mark-to-myth" is undermining market confidence right now, and what it would take to restore trust.
The insurance industry's exposure. How U.S. life and annuity insurers are navigating asset/liability matching and growing regulator scrutiny.
The 401(k) frontier. What it would take for private assets to reach the $49 trillion U.S. retirement market.
This isn't 2008 all over again — but private credit is at an inflection point. What happens next will decide whether the industry earns the integrity to serve millions of everyday investors, or stays opaque and exclusionary.
Who should attend: Fund managers · BDCs · Insurance teams · Endowments, family offices & institutional allocators · Anyone evaluating exposure to private credit.
Speakers
Michael Brawer — CEO & Founder, Transparency Analytics. Michael has spent nearly two decades inside the credit ratings industry, with senior risk, audit, and compliance roles at S&P Global (including Global Head of Regulatory Audit), Morningstar Credit Ratings (Chief Compliance Officer, then Chief Operating Officer), and Egan-Jones Ratings Company (Chief Risk Officer). His perspective on how private credit is rated and valued has been covered by Bloomberg.
Ishan Sachdev — General Partner, Deciens Capital. Ishan helps shape firm strategy at Deciens and leads investments in companies reshaping financial services. His career spans growth equity at PSG Equity, venture capital at Bain Capital Ventures, proprietary trading at Goldman Sachs, and an operator role at iPay Technologies, acquired by Jack Henry & Associates. He earned his MBA with distinction from Harvard Business School, where he advised the U.S. Treasury's Office of Capital Markets on the global financial crisis.