Media
Video
December 18th, 2025
HSBC Local Insights: is a Commercial Credit Cycle Coming?
Managing Partner and CIO Andrew Milgram joins HSBC’s Saul Martinez to examine mounting signs of stress and distress in corporate credit. The discussion covers rising bankruptcies, the growing use of PIK interest in private credit, and other signals of impending defaults, with recent failures such as First Brands and Tricolor highlighting systemic weaknesses in underwriting standards. The conversation also explores how these trends may reshape the opportunity set for lenders to middle market companies, particularly as smaller, under-resourced borrowers fall further behind larger peers benefitting from the AI-driven boom.
Video
August 8th, 2025
Invest Like the Best | Full-Contact Capitalism with Andrew Milgram
Andrew Milgram, founder of Marblegate, reveals shocking data about America’s “K-shaped economy”. The conversation covers his unique roll-up-the-sleeves approach to distressed investing, why he predicts continued business bankruptcies, and how tariff uncertainty could devastate middle-market companies while potentially benefiting large public corporations.
Video
Marblegate’s CIO Discusses the Future of Private Credit at Milken Institute Panel
Video
The Data and the Drivers of the Stress and Distress in the U.S. Middle Market: A Conversation with James Gellert, Chairman of RapidRatings and Andrew Milgram, CIO and Managing Partner of Marblegate Asset Management
