Description
Private credit has been 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, all while its inclusion in 401k plans looms on the horizon.
Join Michael Brawer, CEO & Co-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 valuations are determined, how it connects to insurance companies and 401k plans — 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 scrutiny from regulators.
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 determine whether the industry can continue its rapid expansion and remain an integral part of institutional and retail portfolios, or collapse back into a niche asset class.
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 venture capital and growth equity at PSG Equity and Bain Capital Ventures, proprietary trading at Goldman Sachs, and a senior executive 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.