Dry Powder: The Private Equity Podcast

Looking Beneath the Private Credit Headlines with Ares' Kipp deVeer

We ask the copresident of Ares what’s really happening in the private credit market and where he sees performance dispersion among managers.

  • First published on septembre 09, 2026

Podcast

Looking Beneath the Private Credit Headlines with Ares' Kipp deVeer
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Over the past two decades, Kipp deVeer has helped grow Ares Management from a private credit specialist into one of the world’s largest alternative investment platforms. Few investors have had a closer view of how private credit has evolved—or deeper insight into the concerns roiling the market today.

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“Relative to the headlines, which are quite negative,” Kipp says, “we’re actually not seeing any fundamental underpinnings that would say there are problems in private credit.”

Today on Dry Powder, we’ll dig beneath the headlines and examine what’s really happening in private credit. We’ll also explore to what extent AI is creating real risks for software lenders.

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