Exclusive: Blue Owl Capital co-CEO doesn't anticipate credit cockroaches

Zoom in: Lipschultz said private credit is less susceptible than public markets to hidden problems that can lie in wait and suddenly spring out.

• One of the advantages of private credit is the ability to do extensive due diligence, said Lipschultz.
• "Our documents, our covenants, our restrictions on what that company can do are far, far tighter than the public market equivalent," he said.
• Private lenders are getting information from companies on a quarterly, monthly, and in some cases weekly basis, "so we know exactly what's happening with those companies," he added

Between the lines: There can be problems with companies backed by private credit, Lipschultz acknowledged, but those problems are likely to be known "quarters in advance."

The bottom line: "Our credit is in outstanding condition, our portfolios are in outstanding condition," Lipschultz said.