Blackstone's Michael Zawadzki on How Private Credit Got so Big
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 23 January 2026
⏱️ 58 minutes
🧾️ Download transcript
Summary
We talk all the time about private credit. And we increasingly talk about it from the perspective of the AI buildout, and how all of these datacenters are being financed. But why did the space get so big in the first place, and what does its history indicate for the future of the asset class? On this episode, we speak with Michael Zawadzki, the Global CIO for Blackstone Credit and Insurance. Michael’s been with the firm since 2006, and built its private credit from the ground up. He talks about what it took to succeed in the space, the advantages that accrue to large players, and why private credit has played such an important role in financing AI infrastructure.
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