Natalia Bucci

As credit markets evolve, allocators are weighing when to lean into private direct lending versus public high-yield markets. Each offers distinct advantages: direct lending provides access to illiquidity premia and stable income, while high yield offers greater liquidity and tactical flexibility.

This session will explore how CIOs and portfolio managers tilt allocations between these two strategies, how they evaluate the trade-offs in today’s macro environment, and which factors ultimately guide portfolio construction across the public–private divide.

As global interest rates remain elevated and capital costs rise, corporates are increasingly turning to hybrid, convertible, and structured credit instruments to optimise their balance sheets and preserve ratings. This discussion explores how issuers are arbitraging between public and private markets, and why hybrids and converts are playing a growing role in bridging the two.

This session will explore how corporates are using innovative financing tools to fund large-scale projects, manage credit ratings, and capture growth opportunities across sectors such as utilities and technology.