Private credit offers double-digit returns with structures that can reduce risk, just as increased competition boosts secondary trading options, says Mark Attanasio, co-founder of Crescent Capital. “We don’t see a bubble yet,” he tells Bloomberg News senior reporter Lisa Lee and senior editor James Crombie in this episode of the Credit Edge podcast. He avoids transport and energy, but is looking to participate in private loans in other sectors across the US and Europe. Attanasio also discusses the performance of his Milwaukee Brewers baseball business after rule changes shortened the game, and takes questions on his growing stake in Norwich City football club. In addition, Bloomberg Intelligence senior credit analyst Stephen Flynn weighs the outlook for companies in the communications sector, which is lagging a high-yield bond rally amid distress at some of the biggest borrowers. Dish, Altice and Lumen have significant leverage and maturity wall challenges, while cashflow-rich companies like Charter Communications are in good shape for 2024, he says.