This week, host Colbert Cannon sits down with friend and colleague Michael Fenstermacher, a Managing Director and the Co-Head of North American Core Senior Lending at HPS Investment Partners. We talk about his early days at Bank One, where he got his start in credit lending. He walks us through Bank One’s eventual merger with J.P. Morgan and how he decided to make the move to the latter’s New York City office during that transition. We discuss the diversity of learning opportunities and exposure to investment banking that Michael steeped himself in during that time before coming to HPS in 2008. He shares what it was like to join the firm’s direct lending arm amid the global financial crisis. Then, he offers a look into the evolution of the direct lending landscape in relation to the broadly syndicated market and how current market  volatility is impacting the space.Learn more about Michael Fenstermacher’s tenure at HPS Investment Partners here. You can check out our guest’s Best Idea, The Cook Political Report, here. Watch The League, Colbert’s Best Idea for this week, here.