Business of Basketball, Private Debt Landscape Amid AI CapEx Surge | Bloomberg Deals 6/3/2026

Watch on YouTube ↗  |  June 03, 2026 at 18:55  |  49:10  |  Bloomberg Markets
Speakers
Scott Goodwin — Co-Founder & Managing Partner, Diameter Capital Partners

Summary

The episode covers major corporate transactions including Partners Group capping fund redemptions, SpaceX's IPO, Berkshire's $10B Alphabet stake, Diller's MGM bid, and private credit stress. Scott Goodwin of Diameter Capital sees an attractive opportunity in hyperscaler data center high-yield bonds, while Christina Lee of Oaktree warns of ongoing differentiation among private credit managers. The show also touches on NBA Finals and sports dealmaking.

  • Partners Group limits withdrawals on an evergreen fund, fueling private credit anxiety.
  • SpaceX sets a fixed IPO price of $135 per share, targeting a $175B raise.
  • Berkshire Hathaway invests $10B in Alphabet, signaling a shift in tech exposure.
  • Barry Diller bids $18.8B to take MGM Resorts private, raising leverage concerns.
  • Scott Goodwin favors hyperscaler data center high-yield bonds for their excess spread.
  • Christina Lee notes private credit is in a stress test, with manager differentiation ahead.
  • NBA Finals feature Knicks vs. Spurs; Stephen Curry signs $400M deal with Li Ning.
  • Yum! Brands enters exclusive talks to sell Pizza Hut to LongRange Capital.
Trade Ideas
Scott Goodwin Co-Founder & Managing Partner, Diameter Capital Partners 19:53
Buy hyperscaler data center high-yield bonds
Hyperscaler data center high-yield bonds offer the best excess spread opportunity in the credit market. They are well-rated (BB), backed by hyperscaler contracts, liquid, new-issue paper yielding around 7.5% in a market where most sectors yield less. Despite the growing volume, the space is not yet saturated, and the excess spread relative to rating makes it a compelling buy.
Hyperscaler Data Center High-Yield Bonds HIGH
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This Bloomberg Markets video, published June 03, 2026, features Scott Goodwin discussing Hyperscaler Data Center High-Yield Bonds. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Scott Goodwin  · Tickers: Hyperscaler Data Center High-Yield Bonds