The Credit Clubhouse

This episode is presented by 9fin. The AI-native platform for modern credit teams.Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration.00:00 - Kicking off with market status and sponsor insights02:35 - Unpacking private credit's crisis and investor responses04:56 - Getting to know 9fin's private credit reporter06:02 - Understanding redemption requests and semi-liquid funds07:45 - Analyzing credit blow-ups and loosening of underwriting standards12:00 - Exploring AI's uncertainty across tech and other industries14:24 - How fraud cases are reshaping market standards and docs19:43 - The push for transparency and secondary market challenges22:52 - Uncovering overlooked issues and hidden distress in credit26:34 - Predicting the next 3 - 4 years in private credit markets28:44 - Quick takes and personal insights with Tom Quinn31:06 - Wrapping up Tom Quinn, Reporter, 9fin - https://www.linkedin.com/in/tmichaelquinn/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/https://linktr.ee/thecreditclubhousepodcast

This episode is presented by 9fin. The AI-native platform for modern credit teams.Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration.Jeffrey Hobbs, Chief Investment Officer - Fixed Income, Voya Investment Management - https://www.linkedin.com/in/jeffrey-hobbs-03b93712/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/https://linktr.ee/thecreditclubhousepodcast

This episode is presented by 9fin. The AI-native platform for modern credit teams.Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration.Tod Trabocco, Head of Private Debt Advisory, StepStone Private Debt - https://www.linkedin.com/in/tod-trabocco-cfa-9a122a/Nino Nicotra, Director - Private Capital Markets, Kroll - https://www.linkedin.com/in/nino-nicotra-5906515/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/https://linktr.ee/thecreditclubhousepodcast

This episode is presented by 9fin. The AI-native platform for modern credit teams.Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration.00:00 – Welcome to the Credit Clubhouse, show setup, and listener promotion.02:45 – Background on Patrick Turner and the firm’s history in structured capital.05:30 – What structured capital means in practice and how it differs from traditional lending.08:15 – How the market has developed and where structured solutions fit.11:00 – Why flexible capital solutions are increasingly important for sponsors.13:45 – Use Cases & Deal Structures16:30 – How VSS approaches underwriting, risk, and capital preservation.19:15 – Discussion of today’s credit conditions, volatility, and opportunity set.22:00 – Investor Demand & Capital Flows25:30 – Outlook for Structured Capital & Closing ThoughtsPatrick Turner, Partner and Senior Managing Director, VSS Capital Partners - https://www.linkedin.com/in/patrick-turner-1331b91a/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/https://linktr.ee/thecreditclubhousepodcast

This episode is presented by 9fin. The AI-native platform for modern credit teams.Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration.00:00 - The Credit Clubhouse: Welcome and Clark Briner Introduction01:55 - Founding Revere Capital: Addressing Lower Middle Market Gaps05:07 - The Evolving Definition of the Lower Middle Market06:45 - Lessons from 20 Years: Structure Matters in Lending08:14 - Revere Capital's Discipline: Avoiding Style Drift09:54 - Navigating Liquidity, Duration, and LP Education Gaps12:50 - Exploring Mispriced Opportunities in Specialty Finance14:16 - Prioritizing Structural Alpha Over Cyclical Opportunities15:17 - Understanding Direct Lending's Impact on Asset-Backed Finance17:29 - LP Shift to Risk and Credit Market Convergence19:47 - Leveraging Data and AI for Scaling Credit Platforms22:54 - Investment Pitfalls: Avoiding Market Bailout Reliance24:17 - Hobby, Superpower, and a Must-Read Negotiation Book25:59 - The Significant Economic Impact of Non-Bank Lenders27:25 - Clark Briner's Prediction for the Next 12 Months28:17 - Thank You for Listening to The Credit ClubhouseClark Briner, Founder & Principal - https://www.linkedin.com/in/clarkbriner/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/https://linktr.ee/thecreditclubhousepodcast

This episode is presented by 9fin. The AI-native platform for modern credit teams.Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration.00:00:11 – Welcome to the Credit Clubhouse with Yann Robard 00:00:46 – Yann’s Journey: From CPPIB to Founding Dawson Partners 00:02:05 – The Idea Behind Dawson: Better Liquidity Solutions for Private Equity 00:03:54 – Dawson Today & How Private Markets Have Evolved 00:04:18 – Dawson’s Four Pillars: Tech, Innovation, Scale & Culture 00:08:36 – Maintaining Culture While Scaling to 250 People 00:14:09 – Private Equity Outlook: Performance, Challenges & Governance Edge 00:21:52 – Private Equity vs Private Credit & The Rise of Secondaries 00:28:56 – GP-Led Continuation Vehicles & Future of Secondaries 00:34:31 – Fun Wrap-Up: Hobbies, Surprises & Biggest Opportunities AheadYann Robard. Managing Partner at Dawson Partners - https://www.linkedin.com/in/yann-robard-84b07b109/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/https://linktr.ee/thecreditclubhousepodcast

This episode is presented by 9fin. The AI-native platform for modern credit teams.Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration.00:00 - Kicking Off: Welcome to The Credit Clubhouse & Sponsor Messages01:31 - Russell Corn on Founding Fulcrum Diligence and Objective Research05:38 - James Devey Details the Patrick James First Brands Investigation13:28 - Why Private Credit Funds Miss Red Flags in Due Diligence20:03 - Balancing Privacy and Transparency in Commercial Dealings26:43 - Why Traditional Due Diligence Often Fails to Uncover Fraud35:44 - The Double-Edged Sword of AI in Due Diligence Investigations41:59 - How Uncovering Fraud Shapes Private Credit Markets44:25 - Guests Share Personal Insights and Final PredictionsRussell Corn, CEO, Fulcrum Diligence - https://www.linkedin.com/in/russell-c-2b6218b/James Devey, Senior Analyst, Fulcrum Diligence - https://www.linkedin.com/in/james-devey-42a879252/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/https://linktr.ee/thecreditclubhousepodcast

This episode is presented by 9fin. The AI-native platform for modern credit teams. Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration.00:00 - Introducing David Robbins and StepStone Group's Role02:44 - Separating Signal from Noise in Private Credit Headlines05:10 - Why Private Credit's Growth Attracts Scrutiny07:27 - The Push for Retail Access to Private Markets10:13 - Assessing Risk and Volatility in Private Credit13:31 - How Asset Managers Address Private Credit Critiques16:31 - Diversifying Beyond Sector in Private Credit Portfolios21:12 - Distinguishing Macro Trends from Media Sensationalism25:22 - The Critical Role of Education in Private Markets29:59 - David Robbins' Personal Insights and Predictions32:31 - Closing Remarks and Deal Catalyst InformationDavid Robbins, Director, StepStone Group - https://www.linkedin.com/in/davidarobbins1/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/https://linktr.ee/thecreditclubhousepodcast

This episode is presented by 9fin. The AI-native platform for modern credit teams.Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration.00:00 - Welcome to the Clubhouse: Special Offers & Sponsor01:31 - Unpacking the 'No Good, Very Bad Week' for Direct Lending04:34 - Understanding Redemption Requests and the Investor Education Gap08:47 - AI's Unknown Impact and JP Morgan's Lending Restrictions11:40 - Navigating Fraud, Strong Returns, and Retail Investor Influx16:00 - Apollo's Daily NAV Push and Declining Retail Inflows19:57 - Future Outlook for Direct Lending and Institutional Confidence24:41 - The Broader Private Credit Market & Upcoming EventsTodd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/https://linktr.ee/thecreditclubhousepodcast

This episode is presented by 9fin. The AI-native platform for modern credit teams.Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration.00:00 - The Credit Clubhouse: Episode Introduction and Sponsor Spotlight01:31 - Joel Holsinger Defines Asset-Based Finance at Ares02:16 - Joel Holsinger's Core Definition of Asset-Based Finance03:18 - Key Drivers Behind Asset-Based Finance's Institutional Embrace06:44 - Attracting LPs: Insurance and Non-Insurance Capital in ABF10:20 - Trade-offs Between Captive and Flexible Investment Approaches12:57 - Good and Bad Innovations in Fund Structures and Market Risks18:16 - Viewing Fund Finance as a Sub-Segment of Asset-Based Finance22:15 - The Expansion of NAV Lending and Secondary Market Liquidity26:11 - Why Markets Are More Resilient: Less Systematic Risk Today32:09 - Joel Holsinger's Personal Journey to Promote Giving35:31 - Ares' Initiative: Compounding Purpose Through Philanthropy40:05 - Joel Holsinger's Sports, Hobbies, and Life Philosophy42:28 - Market Prediction and Strong Skepticism on Cryptocurrency Value45:29 - Thank You for Listening to The Credit Clubhouse PodcastJoel Holsinger, Co-Head of Ares Alternative Credit, Ares Management - https://www.linkedin.com/in/joel-holsinger-0739a74/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/https://linktr.ee/thecreditclubhousepodcast

This episode is presented by 9fin. The AI-native platform for modern credit teams.Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration.00:00 - Welcome, Sponsor Message, and Guest Introduction01:58 - Värde's ABF Evolution, Verticals, and Middle Market Focus06:53 - Identifying Compelling Segments and Sourcing ABF Opportunities09:35 - Fund Finance: Rapid Evolution to Standalone Sector13:15 - Data Science to Avoid ABF Pitfalls and Fraud18:37 - Blending of Bank and Non-Bank Fund Finance23:22 - LP Adoption, Questions, and Current ABF Trends27:47 - Missy Dolski's Rapid Fire Insights and Personal Favorites31:13 - Thank You for Listening to The Credit ClubhouseMissy Dolski, Partner and Global Head of ABF, Värde Partners - https://www.linkedin.com/in/missydolski/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

This episode is presented by 9fin. The AI-native platform for modern credit teams.Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration.00:00 - Introduction to the Episode and Key Sponsor Announcements01:31 - Navigating the Competitive Direct Lending Market Landscape03:44 - Private Equity's Role and Segmenting Credit Markets06:20 - Private Credit's Growing Share and Transparency Evolution08:43 - The Future of Data Transparency in Private Credit12:42 - Analyzing Sector Volatility and AI's Economic Effects18:03 - Covenant Trends and Cyclicality in Credit Market Docs23:42 - Identifying Key Risks and Macroeconomic Influences30:51 - Guidance for New Private Credit Investors and Fund Structures34:41 - Exploring New Avenues in Alternative Finance Strategies36:52 - Practical Insights from Challenging Credit Investments41:12 - Rapid Fire Questions and a Bullish Market Forecast45:35 - Wrapping Up the Discussion and Podcast OutroMichael Haynes, Head of Private Credit, Beach Point Capital Management - https://www.linkedin.com/in/michael-haynes-9550b295/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

This episode is presented by 9fin. The AI-native platform for modern credit teams.Head to https://www.9fin.com/demo to request a 30-minute personalised demonstration.00:00 - Welcome to the Clubhouse: Understanding Crypto and DeFi02:43 - Demystifying Crypto and DeFi: Settlement Layers and Applications07:56 - Why the World is Moving to a Stablecoin Economy10:39 - Overcoming Hurdles: Adoption, Intermediaries, and Singleness of Money19:22 - Institutional Interest Drives On-Chain Credit Expansion24:12 - Real-World Applications: Stablecoins for Payments and Settlement30:48 - Boom, Bust, and Beyond: Crypto's Generational Shift36:18 - Rule Enforcement and System Competition in DeFi40:48 - Connecting Blockchains: Interoperability, Security, and AI's Role45:26 - Adrian's Hobbies, Book, and Future PredictionsAdrian Cachinero Vasiljevic , co-founder of Steakhouse Financial - https://www.linkedin.com/in/adriancachinero/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Sign up for the Credit Crunch Blog - https://www.creditcrunch.blog/00:00 - Welcome to the Clubhouse: Private Credit's Current State02:58 - Why Big Funds Still Rule Private Credit Fundraising06:56 - KSL's Niche: Capitalizing on the K-Shaped Economy15:08 - From Evergreen Funds to 401Ks: Expanding Private Market Access21:35 - Why Investors are Shifting from Private Equity to Credit26:43 - Howard Marks' Warning: Is AI Creating a New Bubble?31:05 - Market Bifurcation: Consolidation and the Future of CreditNick Smith, Portfolio Manager, Claret Capital Partnershttps://www.linkedin.com/in/nick-smith01/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - Kicking Off the New Year with Michael Nowakowski of Conning01:21 - Assessing the Current State of Structured Credit Markets Today03:38 - Uncovering Potential Red Flags in Today's Structured Credit Market05:44 - How Private Debt is Reshaping Structured Credit Deal Terms08:43 - Michael Nowakowski Details Conning's Structured Credit Focus10:15 - The Rise of New Issuers in Digital Infrastructure Securitization11:52 - Exploring the Blending of Public and Private Capital in Deals14:01 - Why Esoteric Asset Classes Offer Appealing Opportunities Today17:25 - Navigating the Risks and Caution in Data Center Investments22:54 - Discovering Value in Other Structured Credit Asset Classes25:22How Clients React to Major Market News and Policy Changes27:35 - Michael's Hobbies, Book Picks, and a Bold Market Prediction31:24 - Don't Miss Out: Exclusive Conference Offer for ListenersMichael Nowakowski, Head of Structured Products, Conning - https://www.linkedin.com/in/michael-nowakowski09/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

If you have not yet taken the DealCatalyst Fund Finance Survey, please do so here. We welcome your input.00:00 - Navigating Private Credit: Inside the Spread Volume 202:55 - EQT Acquisition and Global Rebalancing Fuel Secondaries Growth09:59 - Blue-Chip Firms Dominate Private Credit Fundraising Landscape13:41 - The Rise of Evergreen and Interval Funds in Private Credit19:07 - Stay Tuned for New Guests and Podcast Segments19:54 - Direct Lending Market Poised for Trillions in Growth23:40 - Regulatory Easing and Bank Competition in Private Credit28:18 - The Existential Challenge of Fintech Profitability and Scale31:56 - Thank You and Final Podcast AnnouncementsTodd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - The Credit Clubhouse Welcomes You and Launches "Inside the Spread"03:44 - A Troubled History: The Host's Buffalo Bills Playoff Agony06:21 - Examining Global Regulatory Scrutiny on the Private Credit Market13:21 - Strong Fundraising and the Rise of Evergreen Private Credit Funds18:39 - Exploring Private Credit Growth in Asia, Middle East, and Secondaries22:21 - Don't Miss Out: Final Conference Reminders and Go Bills!Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - New Year Greetings and The Credit Clubhouse Growth02:33 - Analyzing 2025's Up and Down Private Credit Markets05:09 - How Banks Partner with Private Credit, Not Compete09:14 - The AI Boom and Big Tech's Growing Debt Ratios15:36 - Prioritizing Risk Management and Selective Deal Making in 202617:37 - Why BDCs Face Headwinds and Investor Expectation Resets20:22 - The Growing Appeal of Asset-Based Finance Opportunities24:13 - Host's Closing Thoughts and Exclusive Listener OfferTodd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - Clarifying GP Finance and its Role in Fund Management03:17 - Exploring Motivations and Capital Alternatives for GP Financing07:42 - How Crescent Capital Navigates Compelling Market Dynamics13:10 - Identifying the Ideal Target Sponsor for Crescent Capital16:05 - Understanding GP Financing Collateral and Bilateral Deal Structures19:43 - Expanding GP Finance to Other Funds and Crescent's Unique Advantage23:09 - Exploring Innovative Structures and the Evolving GP Finance Market25:17 - Anticipating the Future Evolution and Potential Impediments in GP Finance29:35 - Getting to Know Greg Hardiman with Rapid Fire Fun Questions32:03 - Don't Miss Out: Episode Wrap-up and Exclusive Listener OfferGreg Hardiman, GP-LP Solutions, Crescent Capital - https://www.linkedin.com/in/gregory-hardiman/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Apollo's Private Credit: Fact vs. FictionPension Slams Private Market Ratings After €1 Billion Loss00:00 - Analyzing Apollo's Defense and Pension Fund Losses in Private Credit06:22 - Counting Down the Best Holiday Films, From Classics to Modern Favorites11:12 - Examining the NFL's Massive Ratings and Financial Impact on Sports14:25 - The Playoff's Impact, Ratings Success, and Private Equity in College Sports19:33 - Forecasting College Football Champions and Thanking Our Valued ListenersTop 10 Christmas MoviesNational Lampoon's Christmas Vacation (1989)Home Alone (1990)Elf (2003)The Holiday (2006)A Christmas Story (1983)It's a Wonderful Life (1946)Love Actually (2003)How the Grinch Stole Christmas (1966/2000)A Charlie Brown Christmas (1965)The Polar Express (2004)Honorable MentionRudolph the Red-Nosed Reindeer (1964)Frosty the Snowman (1969)Four Christmases (2008)Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Download the Inaugural ABF Capital Flows Survey Report from DealCatalyst Intelligence.00:00 - Welcome to the Clubhouse: Unpacking the ABF Capital Flows Survey02:53 - Why Capital Flows to Larger ABF Asset Managers05:42 - The Challenge of Direct LP Engagement for Borrowers09:23 - Bridging the Gap: Banks, Borrowers, and Capital Mismatches16:01 - Navigating Broad Asset Appetite and Market Discipline in ABF22:08 - Exploring New Frontiers, LP Sophistication, and the Future of ABFGanesh Rajendra, Managing Partner, Integer Advisors - https://www.linkedin.com/in/ganesh-rajendra/Rory Mepham, CEO, The Sancus Group - https://www.linkedin.com/in/rory-mepham-7ba52913/Julian Schickel, Founding Partner, Avellinia Capital - https://www.linkedin.com/in/jschickel/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - Welcome to the Clubhouse and Exclusive Conference Offer03:33 - Credit Fund Capital, Securitization, and LP Support in ABF07:21 - Upcoming DealCatalyst Events and ABF Survey Insights09:40 - Adding Sports Content and Community Engagement to the Show11:45 - Examining Mark Rowan's Four Myths About Private Credit18:09 - Stress Tests, Investor Confidence, and Market Momentum21:40 - Looking Ahead to 2026 and Final Conference OfferPrivate-Credit Fears Are Based on Four Myths - https://www.bloomberg.com/opinion/articles/2025-12-03/private-credit-is-safe-and-makes-the-financial-system-strongerMubadala Backs Private Credit Bets After Plowing in $20 Billion - https://www.bloomberg.com/news/articles/2025-12-04/mubadala-backs-private-credit-bets-after-plowing-in-20-billionBank of England launches stress test of private equity and credit - https://www.reuters.com/sustainability/boards-policy-regulation/bank-england-launches-stress-test-private-equity-private-credit-industries-2025-12-04/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - Exploring the Booming Private Credit Market in Ireland02:35 - Ireland's Shifting Landscape: Public Struggles, Private Boom05:01 - Quintus Capital's Mid-Market Niche and Growth Strategy09:46 - Navigating Deal Sourcing and PE Sponsors in Ireland13:49 - International Expansion and Ireland's Macroeconomic Stability18:46 - Assessing Risk, Identifying Growth Sectors, and ESG Trends24:48 - AI's Impact, LP Misconceptions, and Irish Wealth Retention30:39 - Ireland's Data Center Boom and Kevin Canning's Personal SideKevin Canning, CEO, Quintas Capital - https://www.linkedin.com/in/kevincanning1/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - Exploring the Blurring Lines of Public and Private Markets03:30 - Brad Foster's Role and the Language of Private Markets06:48 - Understanding the Growth and Appeal of Private Direct Lending09:27 - What Borrowers Value in Private Capital and the Investment Grade Shift12:09 - LP Capital Allocation and Bloomberg's Technology in Private Markets16:03 - Balancing Market Transparency, Confidentiality, and Retail Investor Access20:55 - Addressing Market Fragmentation and the Future of Secondary Markets25:51 - Personal Insights, Future Predictions, and Episode ConclusionBrad Foster, Head of Fixed Income & Private Markets, Bloomberg - https://www.linkedin.com/in/brad-foster-437799ba/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

This episode is brought to you in partnership with Setpoint, the operating system for capital markets.01:15 - First Brands and Tricolor failures and what they reveal about the ABF market today05:08 - Setpoint overview and solving the analog backend07:03 - What is double pledging, and what happened with First Brands and Tricolor08:57 - Information accessibility between public and private markets12:15 - Launching Setpoint Pledge Check14:48 - The importance of having an independent third party for verification of assets17:22 - Can double pledging be eliminated?20:28 - Solving the complex workflows in ABF and moving on from Excel22:03 - How a private credit ecosystem can become healthy and transparent in the next five years24:01 - Stuart's entrepreneurship journey and the joy in building new products 26:53 - Fun rapid fire questions and wrap upStuart Wall, CEO & Co-Founder, Setpoint - https://www.linkedin.com/in/stuartwall/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - The Rapid Growth of Fund Finance as a Permanent Asset Class02:34 - From Niche Product to Permanent Asset Class: A Decade of Change04:58 - Founding Hark Capital: Solving Post-GFC Equity Problems in the Lower Middle Market08:06 - Navigating 'Bad Press': How NAV Lending Gained LP Acceptance and Clarity12:15 - Excitement and Concerns: The Future Landscape of Fund Finance16:33 - Exploring Underdeveloped Niches and Creative Structural Innovations in Fund Finance22:45 - The Leap of Faith: Lessons Learned from an Entrepreneurial Journey26:28 - From AI Poetry to Market Forecasts: Doug's Personal Reflections and 2024 PredictionDoug Cruikshank, Managing Partner & Founder, Hark Capital - https://www.linkedin.com/in/doug-cruikshank-hark/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - Kicking off with Stewart Mandel and The Athletic's mission02:18 - How NIL and transfers are reshaping college football04:42 - The legal and financial ramifications of NIL beyond football08:31 - The financial challenges and governance of college football11:58 - The future: private equity and a college football super league17:01 - Stewart Mandel's concerns and Congress's role in college sports20:52 - Stewart Mandel's hobbies, books, and championship forecast25:12 - Thank you and exclusive listener offerStewart Mandel, Editor-in-Chief of The Athletic's College Football Coverage - https://x.com/slmandel Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - Navigating Macro Uncertainty in Fixed Income Investing04:51 - Blurring Lines Between Public and Private Markets10:41 - PGIM's Strategy for Differentiated Securitized Investing16:27 - Evolving Investor Appetite and European Market Expansion23:14 - Structural Shifts Driving Asset-Backed Finance Demand27:49 - Evolving Ways Clients Consume Securitized Assets32:09 - Should Retail Investors Access Private Credit Assets?35:42 - Capital Concentration and Future Outperforming Sectors41:25 - Personal Insights and Career Motivations with Edwin45:04 - Edwin's Market Outlook and Episode Wrap-upEdwin Wilches, CFA, Managing Director and Co-Head of Securitized Products, PGIM - https://www.linkedin.com/in/edwinwilches/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00: Welcome, Guest, and Defining Asset-Backed Finance04:13: How Credit Markets Evolved After the Financial Crisis11:09: Inside 400 Capital Management's Specialized Credit Strategy16:01: Driving Factors for Institutional Interest in Credit Markets21:18: Achieving Identifiable Alpha Through Problem-Solving in Credit24:48: Analyzing Distressed Situations and Market Corrections in Credit31:47: Navigating Opportunities and Risks in Commercial Real Estate40:06: Key Trends Shaping Structured Credit Investing's Future43:43: Chris Hentemann's Hobbies, Books, and Client ConnectionsChris Hentemann, Managing Partner & Chief Investment Officer, 400 Capital Management - https://www.linkedin.com/in/chris-hentemann/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/ 

00:00 - Discovering Dubai's Emergence as a Global Capital Hub03:30 - How the Middle East is Rebalancing Global Capital Flows06:31 - Rapid Rise of Sophisticated Middle East Investors12:35 - The DIFC's Role in Shaping Regulatory Frameworks17:02 - Anticipating Future Market Evolution and Final ReflectionsTodd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - Exploring Fund Finance's meteoric growth since 200703:13 - Unpacking Fund Finance growth drivers and media's misplaced focus06:01 - Inside Fund Finance Partners and the NAV Lending Index's impact10:47 - Bridging knowledge gaps for sponsors in fund finance13:57 - The exciting evolution of Fund Finance and lending dynamics18:34 - Navigating risk and structural innovation in Fund Finance22:45 - Identifying underserved Fund Finance markets and policy gaps26:54 - Richard Wheelahan's founder journey and personal reflections33:51 - Thank you and Exclusive DealCatalyst Conference OfferRichard Wheelahan, Managing Director and Co-Founder, Fund Finance Partners - https://www.linkedin.com/in/rwheelahan/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

01:25 - Analyzing the Ryder Cup: US Team's early deficit05:02 - Data Centers and AI: the hottest trend in asset-based finance09:18 - Structuring deals for insurance capital: opportunities and risks13:35 - The power of private transactions: flexibility and control in deals16:56 - Exploring new frontiers: fintech, art, HEI, and ABF market growth25:08 - From Mets misery to NFL hopes: sports roundup29:14 - Private Credit and Equity: sports as the next major asset class32:03 - Get involved: share ideas and join DealCatalyst conferencesTodd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - Exclusive DealCatalyst offer and guest introduction01:18 - From Wall Street analyst to TCG Founder06:30 - Real estate, opportunistic, and private credit under one roof10:59 - TCG's unique investor-friendly capital structure and approach13:41 - Navigating the private credit bubble for underserved markets19:22 - Current credit cycle and real estate market stress25:34 - Southern states growth and future office lending opportunities30:15 - Building relationships and exploring unconventional asset classes34:35 - Len's coaching role and TCG's family enterprise culture36:57 - Hobbies, book recommendations, and a bold market prediction42:10 - Thank you and final DealCatalyst Conference offerLen Tannenbaum, Founder, TCG - https://www.linkedin.com/in/leonard-tannenbaum-a3b3561/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - Understanding Coromandel's niche in the current market.04:47 - Optimizing capital stacks and fintech's evolving role.11:24 - Navigating chaos: Coromandel's founding story.15:11 - Avoiding common pitfalls for early-stage venture-backed companies.20:38 - Identifying credit gaps in small business and consumer lending.25:52 - Educating LPs and the rise of co-investing in private credit.31:50 - Leveraging technology and AI for scalable niche lending.37:08 - Could AI disrupt relationship-based, smaller check lending?39:47 - Where Coromandel sees the most compelling future opportunities.43:43 - Rob's sports fandom and a surprising personal fact.45:52 - A powerful book recommendation and the joy of entrepreneurship.48:59 - A prediction for the next 12 months and podcast wrap-up.Rob McGregor, Managing Partner, Investments, Coromandel Capital - https://www.linkedin.com/in/robertmcgregor/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Michael Hacker, Managing Director, Partner, and Global Head of Portfolio Finance at Carlyle AlpInvest.Key topics covered:Carlyle AlpInvest's solutions for investorsHow the firm works with GPs to drive operational value in portfolio companiesRisk and evaluation of secondary and primary commitmentsManaging liquidity in an uncertain macroeconomic environmentThe key drivers behind the growth of portfolio financeThe evolution of co-investmentsThe most compelling opportunities in secondaries todayThe growing opportunity in structured solutionsAnd much more...Michael Hacker, Managing Director, Partner and Global Head of Portfolio Finance, Carlyle AlpInvest - https://www.linkedin.com/in/michaelhacker/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Michael Ewald, Partner, Global Head of the Private Credit Group, Bain Capital.Key topics covered:The Impact of Volatility on the competitive dynamics of private credit.Deal activity amid macro uncertainty.The most resilient sectors in today's environment.Assessing recession risk when underwriting new deals.Sponsored vs. non-sponsored deal dynamicThe growth of private credit globallyNewer entrants to private credit and the impact on deal termsStructural innovationsBalancing yield versus credit quality in today’s market?Increasing demand for evergreen or open-ended private credit structuresConsolidation in private credit Joint venture arrangements with banksAnd much more...Michael Ewald, Partner, Global Head of the Private Credit Group, Bain Capital - https://www.linkedin.com/in/michael-ewald-2617b98/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Natalie Garcia, MD, Deerpath.Key topics covered:Macroeconomic conditions & underwritingFinding the optimal balance between yield and protection.The impact of potential rate cuts.Loan demand & tighter credit conditions.The most resilient & most vulnerable sectors in the lower middle market.Why the lower middle market is so appealing.Key trends in covenant structuring.Delivering customized facilities tailored to sponsors and borrowers.Monitoring portfolio companies post-close to identify early warning signals.Preparing for recession scenarios & an uptick in M&A activityAI’s potential impact on lower middle market lending.And much more...Natalie Garcia, MD, Deerpath - https://www.linkedin.com/in/natalie-garcia-1a455011/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Neno Raic, Partner at NLC.Key topics covered:How does sub-line financing 2.0 differ from 1.0?The biggest drivers behind this evolution.The adoption and growth of term loans?The emergence of tranche B loans.The growing influence of securitisation and structured finance.Trends in GP behavior.Bank/non-bank cooperation and competition.NLC's NAV lending launch.Closing the LP education gap.NLC’s U.S. expansion and having boots on the groundAnd much more...Neno Raic, Managing Partner, NLC - https://www.linkedin.com/in/neno-raic-57a85a73/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Kunal Shah, VP, Capital Markets Execution at Upgrade.Key topics covered:How Upgrade is defined today.The evolution of funding partnerships.Upgrade's capital stack.Building resilience into the capital stack.Key questions from funding partners.Gaining access to insurance capital.The growth of private credit in ABF.What are the biggest questions asked by investors?The ease of credit access and consumer regulatory issues? And much more...Kunal Shah, VP, Capital Markets Execution at Upgrade - https://www.linkedin.com/in/kpshah94/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Ahmet Yetis, Senior Managing Director at Evercore.Key topics covered:The continued shift to private markets.The challenging distribution market for LPs and the challenging fundraising environment for GPs.The growth drivers in fund finance.Why insurance capital is flooding into the market.The LP education gap with fund finance productsNew and innovative structures coming to market.And much more...Ahmet Yetis, Senior Managing Director at Evercore - https://www.linkedin.com/in/ahmet-yetis-0b41611/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Matt Edgar, Founder & CEO of Edgar Matthews.Key topics covered:Valuations return to a more rational levelValuation 101: How is value determined for specialty finance companies / loan originators?The key drivers of premium valuationThe profitability question for fintech lendersMatt's entrepreneurial journeyHow does financing mix and capital structure impact platform valuation?What is considered the ideal funding mix?The composition of buyers today compared to 12 to 24 months ago.How M&A is being reshapedThe hottest and most interesting asset classes How regulatory risk is being priced in for consumer lenders.Will we see a return of the high-interest lender?How buyers can get burned on these deals.And much moreMatt Edgar, Founder & CEO, Edgar Matthews - https://www.linkedin.com/in/matt-edgar-53a01063/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Maxime Laurent-Bellue, Group Deputy Chief Executive Officer and Co-Head of Credit at Tikehau Capital.Key topics covered:Investor appetite and motivations for European alternativesThe risk/return trade-off in private credit versus traditional fixed income?The Evolution of the European Private Debt Market.Shifting borrower behaviors amidst tighter credit conditions.How Tikehau differentiates its European platform.Balancing opportunistic investing with thematic long-term strategies across private markets.Sustainable finance and how to measure tangible impact in private credit.Structuring and origination innovations.Alternative asset classes and regions poised for growth.And much more...Maxime Laurent-Bellue, Group Deputy Chief Executive Officer and Co-Head of Credit, Tikehau Capital - https://www.linkedin.com/in/maxime-laurent-bellue-2b818729/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Rakesh (Rick) Jain, Partner and the Global Head of Private Credit at Pantheon.Key topics covered:How the growth of Private Credit and Secondaries are linked today.The key drivers behind the growth and momentum in the private credit secondaries market.The changing motivations in secondaries. Innovations in structuring secondaries deals.The biggest misconceptions about secondaries.How are LPs viewing the various liquidity solutions available today?Volume and pricing trends within the credit secondaries strategiesPantheon and Rick's remit as Global Head of Private Credit.The public/private dynamic.The tradability/liquidity of private credit loans.Underappreciated market segments in private credit?Macroeconomic volatility.Alternative asset classes and regions poised for significant growth in the next decade.Rick's biggest surprise since joining Pantheon.Rick Jain, Partner and the Global Head of Private Credit, Pantheon - https://www.linkedin.com/in/rakesh-j-6b539/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Mike Consedine, Executive Vice President and Global Head of Government and Regulatory Affairs at Athene.Key topics covered:What is the NAIC?What role does the NAIC play for insurers?How the regulatory environment is changing.The healthy exchange of ideas between regulators and market participants.Mike's remit at Athene and the role Athene plays in the market today.The demand for insurance capitalThe opportunity for insurance capital to play a bigger role.Why a robust capital market can be the most significant strategic asset the U.S. can offer.The shifting dynamics between public and private markets.Mental health in the workplaceAnd much more...Mike Consedine, Executive Vice President and Global Head of Government and Regulatory Affairs at Athene - https://www.linkedin.com/in/michael-consedine-6616a510/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Stuart Cheetham, Co-Founder & CEO, MQube.Key topics covered:AI's impact on the UK mortgage market.How MQube utilizes AI in its product.The AI overhype machine.The state of the UK mortgage market.The biggest pain points for borrowers, lenders, and funders.MQube business model as a lender and tech providerStuart's entrepreneurial journeySecuritization and blockchainAnd much more...Stuart Cheetham, Co-Founder & CEO, MQube - https://www.linkedin.com/in/stuartcheetham/?originalSubdomain=ukTodd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit. We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price. Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show. Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Zia Uddin, President of Monroe Capital.Key topics covered:The impact of the recent volatility.Can direct lending handle a 50-100% growth over the next three years? The evolution and history of Monroe Capital.Monroe Capital's LP baseRetail investors vs institutional allocators.Private credit solutions for borrowers seeking long-term partners.Joint venture arrangements with banks.The future for the tradability/liquidity of private credit loans.The AI boom.Incorporating AI into platform management.And much more...Zia Uddin, President of Monroe Capital - https://www.linkedin.com/in/uddinz/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit. We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price. Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show. Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Fabian Chrobog, Founder & Chief Investment Officer of NorthWall Capital.Key topics covered:The best opportunities in credit today.The stability of the UK and Europe amongst the current volatility.The impact of the market volatility across NorthWall's strategies.Fabian's entrepreneurial journey.NorthWall's evolution.The biggest questions LPs are asking.The changing motivations for borrowersThe vision for NorthWall in the next few years.And much more...Fabian Chrobog, Founder & Chief Investment Officer, NorthWall Capital - https://www.linkedin.com/in/fabian-chrobog-44447b/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit. We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price. Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show. Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Peter Renton, CEO & Founder of Renton & Co LLC.Key topics covered:The state of fintech lending today.The origin story of P2P lending & investingHow P2P helped the broader fintech market.The shift from P2P to institutional funding.The accessibility of credit.The most interesting/exciting lending innovations.Consumer protectionsBank partnershipsThe fintech lending business model and the lack of profitable firms.And much more...Peter Renton, CEO & Founder of Renton & Co LLC - https://www.linkedin.com/in/peterrenton/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit. We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price. Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show. Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Aryeh Landsberg, Managing Director, 17Capital. Key topics covered:How is NAV financing being used by GPs and LPs?The most significant growth opportunity for NAV financing.Misconceptions about NAV loansThe evolution of the NAV Finance market17Capital's FocusThe biggest drivers behind the growth in fund financeThe challenging fundraising environment How NAV loans compare to other fund finance products.Helping GPs align with best practices and LP expectations.Higher interest rate environmentThe outlook for NAV financing.Aryeh Landsberg, Managing Director, 17Capital - https://www.linkedin.com/in/aryeh-landsberg-cfa-25123aa/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit. We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price. Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show. Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst.We have a special episode for you today, Bruce Richards at Marathon Asset Management is joined by Kevin Bliss at The Virginia Retirement System to discuss The Convergence of Public & Private Markets.This keynote was recorded at DealCatalyst’s Private Credit Direct Lending Conference on May 12 - 13 in Nashville.Key topics covered:Key themes across the credit spectrum today GPs and LPs should be aware of when allocating capitalOutlook for the volume of liability management exercises in private marketsAppeal of hybrid public/private capital structures for a lender vs. a typical private deal as sole or lead lender?As public and private markets converge, should allocators expect premiums in the private markets to come down? Views on bank distribution partnerships with private credit managers and the regulatory response to this trendBasel III and the appeal/ need for SRTIdentifying alpha in a competitive marketBruce Richards, CEO & Chairman, Marathon Asset Management - https://www.linkedin.com/in/bruce-richards-6035771a9/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/