About This Webinar
Join our private credit specialists as they break down the forces driving recent market turbulence—and what it means for investors’ portfolios.

Insights from our experts will help you:

Cut through the headlines: Understand distinctions between upper-middle market and broadly syndicated loan activity dominating the news, and the lower- and core-middle market direct lending landscape where we operate.

Assess risks with clarity: Gain perspective on leverage, sector concentration, liquidity structures, and why disciplined underwriting and covenant protection matter more than ever.

See where the market narrative diverges from reality: Explore misunderstandings including default rates, valuations, and borrower fundamentals, and learn how our structural advantages help us navigate shifting conditions.

Position portfolios for resilience & differentiated deal flow with insights from our Principal Alternative Credit Team.

Continuing education credit

Our event offers one hour of continuing education (CE) credit for U.S. financial professional participants with the following designations: CFA, CFP, CFFP, and IWI (state insurance CE isn’t available).

CE credit eligibility requirements:

- Attend the live event for a minimum duration of 50 minutes.

- Complete the applicable CE credit fields during registration for one designation of your choice.
Agenda
Featured Presenters
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Tim Warrick
Group Head of Alternative Credit, Private Markets
Tim Warrick is a Managing Director, Group Head of Alternative Credit for the Principal Asset Management middle market direct lending team. He leads the Principal Alternative Credit team and is a member of the Direct Lending Investment Committee. Tim spent much of his career managing corporate and U.S. core plus portfolios. He previously served as Portfolio Management Team Leader with responsibility for overseeing portfolio management functions for all total return fixed income products. Tim also oversaw the corporate trading desk, was one of the first Portfolio Managers for the Principal general account and began his career at Principal as a fixed income credit analyst focused on both private and public credit. In addition to his responsibilities with the firm, Tim also spent two years with ReliaStar Investment Research, Inc., where he was an Analyst for multiple sectors, including mezzanine debt, leveraged bank loans, corporate bonds and asset-backed securities. Tim received an MBA from Drake University and a bachelor’s degree in accounting and economics from Simpson College. Tim earned the right to use Chartered Financial Analyst designation and is a member of the CFA Institute.

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Matthew Darrah
Head of Underwriting, Middle Market Direct Lending
Matt Darrah is a Managing Director, Head of Underwriting for the Principal Asset Management middle market direct lending team. He’s responsible for team's underwriting philosophy and processes, as well as overseeing the underwriting of new direct loan investment opportunities. He’s also a member of the Direct Lending Investment Committee. Matt joined the firm in 2020. Prior to his current role, Matt served as a Principal at Capital Southwest Corporation where he started the direct lending strategy for that firm. Matt was also a Portfolio Manager of the leveraged loan strategy for Petrus Asset Management, the primary investment vehicle for Ross Perot and his family. He received a bachelor's degree in finance from Southern Methodist University.

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Moderated by: Amanda Wilson
Head of U.S. & Canada, Institutional & Global Consultant Relations
Mandy is a Managing Director, Head of U.S. & Canada Institutional & Global Consultant Relations. She’s responsible for leading the strategic direction and growth of the institutional business for Principal Asset Management in the U.S. and Canada. Mandy oversees the U.S.-based Institutional Sales, as well as the Global Consultant Relations efforts. She spent her career focused on providing investment solutions to corporate and public defined benefit and defined contribution plans, healthcare organizations, insurance companies, endowments and foundations, and their consultants. She serves on the Executive Inclusion Council of Principal, the ESG Leadership team of Principal Asset Management and the Women in Sales Steering Committee of Principal. Prior to joining Principal, Mandy spent more than 16 years at J.P. Morgan Asset Management, most recently leading their Canada & Central U.S. Institutional team and previously building and leading their North America Relationship Management team. She earned a bachelor’s degree in economics and mathematical methods in social sciences from Northwestern University. Mandy earned the right to use Chartered Financial Analyst designation and is a member of the CFA Institute.
WEBINAR DETAILS
Date: Tuesday April 21, 2026
Time: 11:00 - 12:00 PM Eastern Time (US & Canada)
Cost: Free
Language: English
Webinar ID: 5ef58b752362
Dial-in Info:
Dial-in Number: +1 (312) 248-9348
Dial-in ID: 238660
Dial-in Passcode: 3997

For Financial Professional/Institutional use only in the U.S. May not be used with the Public. For Institutional, Professional, Qualified and/or Wholesale Investor Use only in other permitted jurisdictions as defined by local laws and regulations.

In Europe, this communication is directed exclusively at Professional Clients and Eligible Counterparties and should not be relied upon by Retail Clients. .

The webcast discussion covers general information only and does not take account of any investor’s investment objectives or financial situation and should not be construed as specific investment advice, a recommendation, or be relied on in any way as a guarantee, promise, forecast or prediction of future events regarding an investment or the markets in general

The views presented here represent the opinion of the investment manager and may not come to pass. Unless otherwise noted, the information presented has been derived from sources believed to be accurate; however, we do not independently verify or guarantee its accuracy or validity. Any reference to a specific investment or security does not constitute a recommendation to buy, sell, or hold such investment or security, nor an indication that the investment manager or its affiliates has recommended a specific security for any client account. Subject to any contrary provisions of applicable law, the investment manager and its affiliates, and their officers, directors, employees, agents, disclaim any express or implied warranty of reliability or accuracy and any responsibility arising in any way (including by reason of negligence) for errors or omissions in the information or data provided.

Investing involves risk, including possible loss of principal. Past performance does not guarantee future return.

Investments in private debt, including leveraged loans, middle market loans, and mezzanine debt, second liens, are subject to various risk factors, including credit risk, liquidity risk and interest rate risk.

Private credit involves an investment in non-publicly traded securities which are subject to illiquidity risk. Portfolios that invest in private credit may be leveraged and may engage in speculative investment practices that increase the risk of investment loss.

Principal Alternative Credit is an investment team within Principal Global Investors.

Principal Asset Management℠ is a trade name of Principal Global Investors, LLC.
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MM13781W | 042026 | 5338309-042027
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