As public and private markets converge, private credit is no longer a side bet—it’s actively transforming the architecture of deal financing. This opening panel dives into how private credit is influencing capital allocation, price discovery, and risk transfer across the spectrum, from traditional bank lending to capital markets instruments. Is private credit reshaping market liquidity and underwriting standards? How are originators and investors recalibrating strategies as new participants enter the stack? Join us for a fast-paced exploration of the structural shifts driving a new era of capital market innovation.

• How is the rise of private credit influencing liquidity, pricing, and risk tolerance across the broader capital markets ecosystem, including syndicated loans and bonds?
• In today’s market, what are the new boundaries (and overlaps) between private credit, bank loans, and public capital markets, and how are issuers navigating this increasingly complex capital stack?
• Are capital markets seeing changes in underwriting standards, investor behavior, or regulatory risks as private credit plays a more systemic role alongside traditional instruments? What does this mean for market resilience in volatile conditions?

Connecting large-scale power loads to the grid is a complex challenge, shaped by regulatory bottlenecks, transmission constraints, and evolving utility-developer dynamics. As demand for energy - both clean and conventional - grows, both utilities and developers are seeking smarter approaches to permitting, interconnection, and stakeholder engagement. This panel explores where the pain points lie, what’s working to overcome them, and how policy can enable a more agile, coordinated expansion of the grid.

• Which permitting and interconnection hurdles most significantly delay large-scale power projects, and what proven strategies can accelerate these processes?
• How are transmission queue backlogs and cost allocation disputes impeding new clean energy connections, and what policy changes could resolve these issues?
• What is the ideal balance between federal, state, and local authority for speeding up transmission buildout, and how can stakeholder opposition be addressed more constructively?