Odd Lots

Blackstone's Michael Zawadzki on How Private Credit Got so Big

January 23, 2026·51 min·4-min readconversationalbusiness
Podzilla Summary (4 min)
TLDR
Blackstone Credit's Global CIO Michael Zowatsky discusses the structural growth and resilience of private credit, arguing it's not a bubble but an innovation akin to Amazon disrupting retail by cutting out financial middlemen. Despite concerns over competition and AI-driven capital intens

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Guest

M

Michael Zowatsky

conversational on Odd Lots

Mentions

Books, people, and resources mentioned in this episode.

People

Michael ZowatskyJamie DimonTracy AllowayJoe Weisenthal

Companies

Blackstone CreditMorgan StanleyRogersAholdCempra InfrastructureSignant Health

Topics

Business ModelsCorporate StrategyEntrepreneurshipFundraisingSaasScalingStartupsVenture Capital

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