eric hirsch is from hamilton lane. they have 900 billion of assets under management. thank you for joining. a lot of money has been moving into those private markets recently. there are seemingly some cracks starting to emerge in private credit, arguably the hottest area now. what kind of questions are you getting from investors on how private markets look now? >> great to be here and nice to see you. i think your first segment tells the story which is we are living in an area where public equity investors were being told concentration is a good thing. the entire market seemingly driven by a very small handful of stocks. that's really the reason why the retail investor class is beginning to seek diversification. that move away from the public equity for small, highly concentrated largely indexed asset classes are moving into the private market side so we've seen huge flows there. that doesn't mean everything is perfect in the private markets. on the credit side, you have seen a tremendous amount of capital coming in. it's still finding good homes and yields continue t

. >>> for more, eric hirsch joins us now. great to have you with us. >> happy to be here. >> i know you are a private credit guy, but just your general take on the markets and the conversation that we have been having. what is your view of nvidia, sort of stalling out and leaving some oxygen for the rest of the markets to breathe even more? >> well, i think that's really the issue, melissa. you've had the public market so dominated by such a small number of stocks that frankly causing -- we see investors moving away from the public markets and more towards the private markets, where they are picking up a balanced, div diversified portfolio. >> wondering, for your part of the world, private credit, you know, what -- what the rate environment, what you see the rate environment being, and also, if jamie dimon is right and says, you know, as high as 8% in the next couple of years because of various inflationary dynamics, what does that do? >> i think we should break private credit into a couple of buckets. you're seeing the surge

eric hirsch discussed of the states of credit markets earlier this week. >> on the credit side therent of capital coming in. still finding good homes, yields continue to be high. we don't expect uniform success right now. sonali: we are not going to -- we are now going to dig into the credit market with craig packer, copresident of blue owl. you have been operating for the last few years in what has been the arguably hottest quarter of wall street, credit private credit. there is concern that market is starting to see some >>. what is and what isn't? first of all, thanks for having me, -- what is and what isn't? craig: thanks for having me. there's a natural concern. we are one year into a higher rate environment with folios containing extremely good performance. loss rates are low. investors are benefiting from higher rates. they are generally consistent and attractive dividend yields. it's been a great environment for private credit. sonali: there's a question about competition between the private banking market and the opinion market -- articles in the times with ideas about the b