Episode 81: The Evolution of Direct Lending with Invesco’s Ronald Kantowitz

In this episode of the InsuranceAUM.com Podcast, host Stewart Foley sits down with Ronald Kantowitz, Managing Director and Head of Private Debt at Invesco, to discuss the evolution of direct lending and its growing role in private debt markets. Over the last 15 years, direct lending has become a trillion-dollar asset class, offering insurance investors floating-rate income, attractive yields, and diversification potential in an increasingly uncertain economic environment. Ronald shares his perspective on why the demand for direct lending continues to grow and how private equity partnerships are helping to drive this market.

Ronald also highlights the importance of disciplined asset selection in today’s environment of rising rates, inflation, and market volatility. From structuring loans for middle-market companies to adapting to post-COVID challenges like supply chain disruptions, he explains why this defensive, senior-secured asset class remains resilient. This episode provides valuable insights for insurance investors seeking to navigate the complexities of private debt while managing risk effectively.