# #114 - Michael Gross: Private Credit Crowding, Complexity Alpha

Page: https://stenobird.com/podcast/insightful-investor-6700249/114-michael-gross-private-credit-crowding-complexity-alpha
Text version: https://stenobird.com/podcast/insightful-investor-6700249/114-michael-gross-private-credit-crowding-complexity-alpha.md
Podcast: [Insightful Investor](https://stenobird.com/podcast/insightful-investor-6700249)
Published: 2026-03-17T11:00:00+00:00
Episode link: https://insightful-investor.captivate.fm
Audio file: https://episodes.captivate.fm/episode/2d8adc92-1513-4c7f-bc43-a4f2daa1baf8.mp3
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JSON: https://stenobird.com/v1/public/podcasts/insightful-investor-6700249/episodes/114-michael-gross-private-credit-crowding-complexity-alpha
Duration seconds: 2706

## Resource

Michael is Co‑Founder of SLR Capital Partners, a private credit firm advising on $13B of total available capital (as of 9/30/25), and a pioneer of modern private credit, including as a founding partner of Apollo Global Management. We discuss how the private credit landscape has evolved as it has scaled and institutionalized, why parts of the market have become crowded, and how complex strategies like asset‑based lending may offer more compelling risk‑adjusted returns and true portfolio differentiation today. - This podcast/webcast is provided for informational purposes only and should not be considered legal, tax, investment, or business advice. It is not a solicitation, recommendation, or endorsement. All opinions expressed by participants are their own and do not necessarily reflect the views of the Evoke Advisors Division of MAI Capital Management, LLC ("Evoke”), its affiliates, or any companies mentioned. Information shared has not been independently verified by MAI or its affiliates. MAI Capital Management, LLC (“MAI”) is registered with the U.S. Securities and Exchange Commission ("SEC"), which does not imply any particular level of skill or training. Certain information contained herein has been obtained from third party sources and such information has not been independently verified. No representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by any person. While such sources are believed to be reliable, Evoke does not assume any responsibility for the accuracy or completeness of such information. Evoke does not undertake any obligation to update the information contained herein as of any future date. The content is intended for a general audience and does not constitute a recommendation to bu…

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## Transcript

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