FICC Focus Credit Crunch: Wellington's Bannister Talks Private Credit 2.0
Feb 17, 2026
Emily Bannister, Director of Private Credit at Wellington Management, who leads the firm’s private credit expansion. She discusses Private Credit 2.0, investment-grade private credit, growth lending, transitional commercial real estate debt, public-private convergence, and how Wellington builds teams and infrastructure to scale these strategies.
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Public-Private Credit Continuum
- Wellington treats credit as a continuum where public and private markets intersect and inform each other.
- The firm leverages its public fixed income scale to extend into private credit with deeper, faster insights.
Build Versus Buy Strategy
- Build capabilities in-house when you can layer new expertise onto an existing collaborative platform.
- Use boutique teams plus scale to speed decisions and deliver custom financing solutions.
Use Daily Meetings To Share Insights
- Maintain daily, cross-team forums to surface macro and issuer insights.
- Use ongoing dialogue to foster natural collaboration and faster, informed decisions.