A Bloomberg podcast explores the rapid expansion of private credit, focusing on its role financing AI infrastructure like data centers. Michael Zawadzki, Blackstone Credit's Global CIO, discusses the asset class's growth trajectory. He founded the division in 2006, offering a long-term perspective on its evolution and current market dynamics.

The conversation delves into the foundational reasons for private credit's rise, tracing its history to understand future potential. This alternative lending space has grown significantly as traditional banks pulled back after the 2008 crisis, filling a crucial gap for corporate borrowers. Its current boom is partly fueled by the capital-intensive buildout of AI and related technologies.

Zawadzki's insights, drawn from building Blackstone's credit platform, provide a seasoned outlook on the sector's sustainability. Investors and business leaders watch how this asset class will adapt beyond the AI financing wave, assessing its resilience and long-term value in a changing economic landscape.