Alan Guarino, Vice Chairman of Korn Ferry, joins Remy Blaire at the New York Stock Exchange to discuss the transformative impact of AI on private markets, particularly in private credit. The pair explore how AI is revolutionizing borrower diligence, speeding up underwriting processes, and generating financial memos in a fraction of the time it used to take.
Alan draws parallels between the current state of private credit and the equities markets of the late 1990s, highlighting the bespoke and opaque nature of private credit transactions. He emphasizes that while AI is set to streamline these processes, the technology must be paired with smart regulation to ensure a balanced market environment.