The LFI Levered Lines Podcast

This episode of the LFI Levered Lines Podcast explores how private credit is evolving through changing investor demand, liquidity solutions and greater use of technology as markets remain volatile. Kerstin Kubanek speaks with John Anderson about continued insurance capital interest in private credit through structured access vehicles, the rise of credit continuation vehicles as tools for liquidity and duration management, and the expanding role of NAV financing across fund structures. They also examine how AI can strengthen portfolio monitoring, underwriting discipline and transparency without replacing core credit judgment. Tune in for practical insights into the structures, risks and opportunities shaping the next phase of private credit. 

In this episode of the LFI Levered Lines Podcast, the discussion explores how the loan market is evolving amid rapid growth, expanding private credit, and increasing demands on market infrastructure. Steve Miller speaks with Sean Griffin about key market‑wide themes including transparency in private credit, the role of data and digitization, and the challenges of scaling a trillion‑dollar trading market. They also examine how technology, AI, and changing investor expectations are shaping market structure, efficiency, and future decision‑making. Tune in for thoughtful insights into where leveraged finance is headed and what it will take to support its next phase of growth.

In this episode of the LFI Levered Lines Podcast, the discussion explores how private credit managers are navigating structural change, platform consolidation, and emerging risk as markets evolve. Kerstin Kubanek speaks with Allison Davi about the rationale behind integrating Alcentra into Benefit Street Partners, building a global private credit platform, and sharpening strategic focus across Europe and the US. They also examine investor concerns around AI, software exposure, and semi liquid products, separating headline noise from fundamental credit risk. Tune in for clear insights into how private credit is repositioning for the next phase of growth and risk management. 

This week on Levered Lines, host Kerstin Kubanek and guest Mark Bickerstaffe examine the outlook for private credit in 2026, with a focus on M&A activity, valuations, and deal quality across European markets. They discuss the rebound in primary buyouts, disciplined leverage and loan‑to‑value levels in direct lending, and the growing role of refinancing and capital solutions where valuation gaps persist. The conversation also explores sector trends, including healthcare opportunities and the implications of AI for software portfolios and risk assessment. 

An In-depth discussion with Carlyle Partner, Lauren Basmadjian This week on Levered Lines, host Steve Miller speaks with Carlyle’s Lauren Basmadjian to explore major themes shaping global liquid credit and CLO markets as 2026 unfolds. They examine platform evolution at Carlyle following substantial reinvestment reset activity and discuss expectations for deal flow amid heightened geopolitical uncertainty and a growing roster of large-scale transactions emerging in the pipeline. The dialogue highlights shifting dynamics between private credit and syndicated markets, relative funding costs, and how borrower migration continues to influence liquidity and capital availability. Additional focus areas include CLO spread behavior, discount-driven portfolio construction opportunities, transatlantic corporate performance trends, and differences in restructuring frameworks driving divergence in default rates. Key topics span the impact of software sector volatility, AI-driven competitive pressures and operational adoption inside investment teams, elevated but stable default environments aided by LME activity, steering committee participation strategy, covenant erosion, and guidance for early-career professionals navigating a rapidly evolving credit landscape.

This week on Levered Lines, host Krista Giovacco speaks with Brian Garfield and Lucas Weiss from Lincoln International's Portfolio Valuation and Opinions Practice to discuss private credit market dynamics heading into 2026. They discuss deal making momentum with transaction multiples exceeding 2021 peak levels and the outlook for continued M&A activity alongside robust refinancing volume. The conversation covers portfolio company fundamental performance with over half growing EBITDA, borrower-friendly market conditions driven by substantial private credit dry powder, spread compression trends, and junior debt capital stack normalization. Key themes include the impact of withdrawn leverage lending guidelines on bank and direct lender competition, AI's potential influence on software underwriting dynamics, management team optimism with 8-10% growth projections, tactical positioning in subordinated debt markets, and challenges addressing underperforming companies and aged portfolio exits in sponsor funds.

Join Dagmara Michalczuk at the European Private Credit Conference on Direct Lending 23 February 2026 | The Landmark Hotel | London, U.K. Dagmara will be speaking at this event. Register here: https://hubs.la/Q042jP1D0 This week on Levered Lines, host Kerstin Kubanek speaks with Dagmara Michalczuk, Co-Chief Investment Officer at Tetragon Credit Partners, ahead of the Deal Catalyst European Direct Lending Conference. They discuss CLO market dynamics in 2026, including spread compression reaching post-financial crisis tights and the outlook for refinancing and reset activity. The conversation covers CLO equity arbitrage opportunities, tactical positioning strategies, loan repricing trends, and portfolio quality amid micro cycles in the market. Key themes include sector-specific concerns around software and AI disruption, chemicals, autos, building products, as well as evolving restructuring trends, liability management exercises, cross-border litigation developments, and challenges in manager selection.

This week on Levered Lines, host Krista Giovacco speaks with Kyle Brown, CEO of Trinity Capital, about the outlook for private credit in 2026. They discuss Trinity’s internally managed BDC model, record investment activity, and why lower middle‑market lending continues to generate attractive returns. The conversation covers underwriting discipline, loss mitigation, liquidity concerns in private credit, and valuation transparency, as well as key growth themes including AI, robotics, reshoring‑driven CapEx, data centers, and energy. 

This week, host Kerstin Kubanek and Michael Carruthers of Blackstone delve into the outlook for private credit and M&A activity in 2026, exploring deal flow momentum, valuation resets, spread dynamics, sector trends, and geopolitical influences on financing. The conversation covers improving market conditions, margin pressures, the role of liquid versus private credit, and the growing importance of sectors such as software, business services, healthcare, and AI‑driven infrastructure. They also touch on retail investor access and evolving fund structures. Tune in for insights that will help you navigate the shifting private credit landscape in 2026. 

This week, host Andrew Hedlund sits down with Jess Larsen of Briarcliffe Credit Partners  to break down the shifting dynamics in private credit as 2026 gets underway. They unpack the impact of slowing U.S. growth, Europe’s accelerating investment cycle, and the rising demand from LPs for diversification. The discussion covers direct lending pressure points, the resurgence of specialty finance and ABL, and why Europe’s market inefficiencies are creating new opportunities for investors. Tune in for the insights you need to navigate private credit in 2026. 

Season 3, Episode 2 On this episode of LFI Levered Lines, host Steve Miller speaks with Joe Rotondo, Senior Portfolio Manager at Mid-Ocean Credit Partners, about the firm's defensive investment philosophy driving strong performance across their $5 billion CLO platform built over three and a half years. The conversation explores the anticipated resurgence of LBO and M&A-driven loan issuance, with the forward calendar reaching $46 billion—the highest in three years—supported by three converging factors: declining rates reducing borrowing costs, stable macro conditions, and sponsors facing pressure to monetize portfolio companies and return capital to LPs. Joe discusses the robust CLO issuance outlook for 2026, with Triple-A spreads tightening into the very high teens and very low 120s range, alongside significant opportunities for refis and resets as deals from late 2023 and 2024 roll off their two-year non-call periods—potentially tightening liability spreads by 50 basis points with benefits flowing directly to equity investors. The discussion addresses growing market bifurcation, with 52% of loans trading above par as managers seek "sleep at night" names while distressed credits face heightened volatility from both credit risk and potential liability management exercises. Joe explains how LMEs over the past 5-6 years have made credit selection and deep-dive covenant analysis more critical than ever. The conversation also examines AI's dual impact on the loan market—distinguishing between perceived and real disintermediation risk—while noting the positive potential of AI adoption to improve operational efficiency for borrowers.  

Season 3, Episode 1  On this episode of LFI Levered Lines, host Luke Millar is joined by Peter Urquhart, melanoma survivor and Global Senior Manager at LSEG, and Stephanie Kauffman, President and Chief Operating Officer of Melanoma Research Alliance, for an in-depth discussion of groundbreaking cancer research and the upcoming LFFM London event. The conversation examines Peter's personal journey through stage 3 melanoma diagnosis at age 37, his 12-month immunotherapy treatment with minimal side effects, and his nine-month clear status, alongside the remarkable expansion from two to seventeen approved melanoma treatment options over the past 15 years and the 50% patient response rate representing quantum leaps in oncology outcomes. Stephanie discusses the alarming trend of melanoma cases in younger populations, the revolutionary development of immunotherapy now benefiting 30 other cancers, and the critical importance of early detection through AI-powered technologies being developed at Oxford University and Royal Marsden. The discussion highlights the inaugural LFFM London success—raising £1.4 million with 550 attendees—alongside research priorities addressing genetic mutations, brain metastasis, and reducing treatment side effects. Join LFFM London: Wednesday, 28 January 2026 | British Museum | 7pm Leveraged Finance Fights Melanoma (LFFM) London brings together leaders from the European leveraged finance and private credit community to raise critical funds for cutting-edge melanoma research. Learn more: https://www.curemelanoma.org/get-involved/events/leveraged-finance-fights-melanoma

Season 2, Episode 9 On this episode of LFI Levered Lines, host Kerstin Kubanek is joined by Nick Baldwin from Lincoln International to examine the rising stress indicators in Europe's private credit market. The conversation explores the record 3.9% covenant default rate in Q3 2025, with 3.4% of companies on covenant holidays and a significant increase in firms with less than 10% covenant headroom. Nick provides detailed analysis on the surge in PIK interest to 17.5%, distinguishing between "good PIK" structured at origination versus "bad PIK" introduced through amendments to address liquidity challenges. The discussion highlights sector-specific vulnerabilities in technology—particularly software and digital media companies from 2021-2022 vintages—alongside persistent consumer sector stress. The panel examines spread compression trends moving down-market, competitive dynamics in direct lending, and the potential impact of increasing M&A pipelines on 2026 market conditions. Essential listening for private credit professionals navigating evolving credit quality and lending dynamics.

Season 2, Episode 8  On this episode of LFI Levered Lines, host Matt Dickinson is joined by Tim Newey, Sarah Paterson, and Ryan Perkins for an expert panel discussion on the evolution and challenges of the UK’s Part 26A restructuring plan. The conversation explores landmark court decisions including Thames Water, Petrofac, Virgin Active, and Poundland, and their impact on negotiation requirements, creditor treatment, and evidentiary standards for restructuring plans. The panelists dissect the growing pains faced by the restructuring tool, compare UK practices to alternatives like Chapter 11 and out-of-court LMEs, and discuss procedural improvements such as flexible modification processes and judicial continuity. This episode delivers practical insights on legal innovations and market dynamics, making it essential listening for professionals navigating complex UK corporate restructurings. 

Season 2, Episode 7  On this episode of LFI Levered Lines, host Krista Giovacco, Senior Editor at LevFin Insights, speaks with Tim Kleiman, Managing Director at Golub Capital, about the firm’s unique approach to philanthropy and impact investing. Tim discusses Golub Capital’s Nonprofit Board Fellows Network, which brings together 17 of the top 25 U.S. business schools to train the next generation of nonprofit board directors. The conversation covers the importance of board leadership, the value business schools provide in developing future leaders, and the collaborative power of the Board Fellows program. Tim highlights the measurable impact of the initiative, including increased nonprofit board participation among alumni and strengthened connections between universities and local communities. The episode also delves into the scaling of Golub’s philanthropic efforts, the experimental nature of their Social Impact Labs, and the role of partnership in driving sector-wide effectiveness. 

Season 2, Episode 6   On this episode of LFI Levered Lines, host Steve Miller speaks with Soo Kim, Partner at Anchorage Capital Advisors leading the firm's global performing credit business and CLO platform, about Liability Management Transactions reshaping the leveraged loan market. Soo contrasts traditional payment defaults from prior cycles (2001, 2008-09, COVID-19) with today's "premeditated orchestrated defaults" designed to provide liquidity and deleveraging. She explains how the 2021-2022 era—characterized by low rates, elevated valuations, and frenzied LBO activity—collided with rapid rate increases to create over-levered balance sheets requiring restructuring. The conversation explores various LMT structures (up-tiers, drop-downs, double-dips), the critical importance of documentation features like voting rights thresholds, and which constituencies benefit most. Soo shares practical insights on positioning strategies, noting that selling 12-18 months ahead typically preserves the most value, and discusses how LMTs are reshaping assumptions around default rates, recovery rates, and CLO modeling for the leveraged finance market.

Season 2, Episode 5  On this episode of LFI Levered Lines, host Steve Miller speaks with Chris Bonner, Partner and Head of LevFin Americas at Goldman Sachs, about the evolving leveraged finance landscape. Chris discusses sponsor M&A activity, the return of large public-to-private deals, and corporate carve-outs, with sectors like TMT (especially AI infrastructure), consumer retail, healthcare, and industrials showing renewed momentum. He highlights the competitive dynamics between corporates and sponsors, noting corporates’ attractive cost of capital and more balanced auction processes. The conversation explores the private credit revolution, emphasizing the complementary nature of broadly syndicated and private credit markets and the rise of "lightly syndicated" private credit.

Season 2, Episode 4  On this episode of LFI Levered Lines, host Tom Davidson speaks with Investcorp Global Co-Head of Liquid Credit Corey Geis about today’s US loan market, CLO mechanics, and navigating spread compression. Corey shares takeaways from bank credit training, global trading, and building Marble Point through its sale to Investcorp; the internal leadership handoff; and staying active with refinancings, resets, and selective new issues. They discuss the BSL–private credit pendulum, a modest but healthy market pullback, and how rate cuts and narrowing bid-ask gaps could revive LBO/M&A. They balance macro with “read the docs,” governance diligence informed by First Brands, and early action on LMEs and tail risk. The conversation covers portability provisions, why lenders prefer change-of-control reevaluation, and CLO equity math when assets price at SOFR+150–175 - plus how refinancings and resets offset asset spread tightening and extend reinvestment. 

Season 2, Episode 3 On this episode of LFI Levered Lines, host Steve Miller speaks with Nassau Global Credit CIO Jonathan Insull about developing the next generation of loan market talent and evolving buy-side skills in a data-driven world. Jonathan shares lessons from bank credit training, restructurings, and early CLOs; the shift in bank-to-buy-side pipelines; and today’s hiring table stakes - case studies, data fluency, and real-time communication. They discuss balancing macro analysis with “read the docs,” using AI without losing judgment, and why mentorship, modeling behavior, and teaching the “why” are critical amid a more competitive, fee-compressed market.

Season 2, Episode 2 On this episode of LFI Levered Lines, host Tom Davidson sits down with Aegon AM’s Jim Schaeffer, Global Head of Leveraged Finance, for a candid look at today’s bifurcated credit markets and the evolving playbook for liability management. Jim traces his path from distressed debt to leading global lev fin, and explains how a “downside-first” mindset and all-weather discipline shape his team’s approach. He breaks down why spreads remain tight despite persistent macro headwinds, where the 6–10% of challenged credits are clustering, and how recurring LME waves are resurfacing as higher-for-longer rates, inflation pressures, and input costs continue to weigh on borrowers. The conversation dives deep into LME mechanics - what “good business, bad balance sheet” really looks like, why scale and speed determine who influences outcomes, and how cooperation agreements can curb lender-on-lender violence. Jim contrasts collaborative, broad-support transactions with more coercive, document-driven structures that re-tier lenders and spark litigation, offering telltale signs to spot each path early.

Season 2, Episode 01 On this episode of LFI Levered Lines, host Kerstin Kubanek sits down with ARES Management’s Andrea Fernandez, Head of Product Management & Investor Relations, and Mike Dennis, Co-Head of European Credit, for a deep dive into the evolution of the European mid-market CLO space. Kerstin and her guests explore how the European direct lending market is catching up to the US, and what it will take for CLOs to become a mainstream source of capital in Europe. They unpack the challenges of building diverse, single-currency portfolios and the hurdles posed by multi-currency risks, while sharing insights on investor demand—from insurance companies seeking bespoke structures to North American and Middle Eastern investors chasing higher yields. Andrea and Mike discuss the latest trends in private credit pricing, the rebound in M&A activity, and why Italy is emerging as a key market for deal flow. They break down the impact of macroeconomic shifts, US tariffs, and interest rate movements, and debate the convergence of public and private credit as European capital markets reopen. With candid analysis on sector and geographic trends, and predictions for market evolution, this episode is essential listening for anyone following private credit, CLO innovation, or the future of European direct lending. If you’re tracking shifts in investor appetite, the rise of scale managers, or the next wave of private credit deals in Europe, tune in for expert perspectives and actionable takeaways from the heart of the market.

Season 1, Episode 19 This week on the LFI Levered Lines podcast, Steve Miller of CreditSights welcomes Bill Housey, Head of Fixed Income at First Trust, for a candid conversation on the evolution of the leveraged loans market. Bill shares stories from his early days at Van Kampen, reflects on 15 years of innovation at First Trust—including the launch of their senior loan ETF—and discusses why active management and transparency are driving the next era of growth. The discussion spans the explosion of ETF structures, the importance of matching liquidity with technology, and how AI is amplifying the power of credit analysts. Bill and Steve also break down recent BSL activity, the return of M&A, and what the migration between private credit and the broadly syndicated market means for investors. Whether you’re a seasoned market participant or new to the space, this episode brings expert perspective on navigating today’s fast-evolving leveraged finance landscape.

Season 1, Episode 18 This week on the LFI Levered Lines podcast, David Graubard, Senior Reporter for US CLOs at LFI, sits down with Adrienne Butler, Head of Global CLOs at Barings, and Steve Page, Managing Director and Structured Credit Trader, for an in-depth look at the evolution and technical dynamics of the CLO market. Adrienne and Steve share their unique journeys into the world of leveraged loans and structured credit, charting the rise of Barings’ $50 billion global CLO platform. Together, they break down the distinctions between broadly syndicated loan (BSL) CLOs and middle market CLOs, discuss the latest demand drivers, and offer high-level technical insights into why CLOs remain a central pillar of institutional portfolios. Whether you’re new to CLOs or a seasoned investor, this episode offers expert perspective on how one of the industry’s largest issuers and investors is navigating today’s market and preparing for the next phase of growth.

Join Kerstin Kubanek as she interviews James Reynolds, Global Co-Head of Private Credit at Goldman Sachs Asset Management, about the evolving direct lending and private credit landscape. James discusses the resurgence of M&A activity, the ongoing convergence between direct lending and BSL markets, and why direct lending remains a reliable financing solution in all market conditions. He addresses large-cap versus mid-market dynamics, the value of long-term relationships and local expertise, and Goldman Sachs’ strategic activity across Europe—including Italy. James also delves into current trends in pricing, sector opportunities, private equity partnerships, and the themes driving the market such as infrastructure, energy transition, and digitalization. Tune in for an engaging discussion on how Goldman Sachs is navigating challenges and capturing opportunities in private credit.

Join Kerstin Kubanek as she interviews Tara Moore, Head of European Originations at Golub Capital, about the firm’s rapid European expansion and the evolving private credit landscape. Tara discusses Golub’s relationship-led growth across key regions and sectors, the ongoing convergence between private credit and the BSL market, and the importance of adaptability amid volatility. She also addresses sector competition, margin compression, and the valuation gap in private equity, while outlining Golub’s plans for continued European growth. Tune in for an engaging discussion on the future of private credit and the opportunities it presents.

In this week's episode of LFI’s Levered Line, Steve Miller welcomes Jeff Bracchitta, JP Morgan’s head of Private Credit Origination. In a wide-ranging discussion, Jeff details: How the levfin private credit has matured and taken shape in recent years The main investor constituencies and how each play in the space JP Morgan’s approach to private credit How the recent volatility in the markets have impacted private credit The relative position of private credit and BSL in today’s credit landscape The state of covenants for private credit loans with an eye on deal size The nascent move toward trading and liquidity for private credits

Join Kerstin Kubanek as she explores the dynamic world of leveraged finance with Matthew Cestar and Alex Matthews from Arini. Discover how their groundbreaking partnership with Lazard is transforming access to Europe's underserved middle market. Uncover the strategic benefits of focusing on non-sponsored deals, understand the impact of geopolitical shifts, and find out why this innovative approach is drawing global investor interest. Tune in for an engaging discussion on the future of private credit and the exciting opportunities it offers.

In this week's episode of LFI’s Levered Line, Steve Miller welcomes Tim Donahue, Lazard's Vice Chairman of Investment Banking and the Global Head of Capital Solutions. Tim discusses his career journey through JPMorgan and Alterra Mountain Company and shares his holistic approach to capital markets at Lazard. He explores the evolution of private capital markets, their increasing importance for non-sponsored and investment-grade companies, and the merging of public and private markets. Additionally, Tim highlights how distressed investors are transitioning into broad solution providers. He offers valuable insights on moving from sell-side to corporate roles, reflecting on the ever-changing nature of capital markets in 2025. Tune in for Tim's expert perspective on these significant shifts in the financial industry.

In this week's episode, David Graubard speaks with Stephanie Walsh from Bain Capital to explore the current dynamics of the CLO markets. They discuss how aggressive loan repricing and tariffs are affecting market volatility and investor strategies. Stephanie offers valuable insights into Bain's strategic use of captive equity vehicles and the importance of maintaining solid margins amidst tariff impacts. The episode also covers expectations for 2025, including potential rate cuts, and examines how international investors and rating agencies are adjusting to the evolving economic landscape. This conversation is filled with practical knowledge for anyone interested in understanding the future of CLO markets.

In this episode of Levered Lines, Andrew Hedlund sits down with Aaron Kless, CEO and CIO of Andalusian Credit Partners, to hash out exactly how is non-sponsored lending different from sponsor finance, the cornerstone of the direct lending world, and why investors should make a home for it in their portfolio. From how to source transactions, the structure of deals and what businesses use the money for, LFI gets to the bottom of what makes non-sponsored lending unique and sheds light on an under-trafficked part of the private credit asset class.

In this episode of LFI's Levered Lines podcast, host Steve Miller sits down with John Cokinos, RBC's Global Head of Leverage Finance and Capital Markets. They dive into RBC's strategic growth plans and the changing world of leveraged finance. Offering valuable insights, they discuss the role of private credit and examine current market trends influencing the industry. Beyond finance, the conversation shines a light on John's inspiring philanthropic work with the Fiverr's Children's Foundation, supporting at-risk youth in New York. Don't miss this engaging episode filled with expert insights and compelling stories.

In this episode of the LevFin Insights Levered Lines podcast, Andrew Hedlund chats with Victoria Chant, Senior Managing Director and Global Head of Capital Formation at Blackstone Credit and Insurance. Their discussion focuses on her role in capital formation and accessing debt capital markets. Key topics include trends in M&A activity, the effects of a strong economy and robust markets, and how BDCs think about their own debt financings. They also explore the interaction between syndicated and private credit markets, the impact of capital costs, and the growth of BDCs. Victoria highlights the advantages of private credit, using Blackstone’s $2 billion loan to Dropbox as an example, and discusses its competitive edge in speed and certainty for companies seeking capital.

In this episode of the LFI Levered Lines. podcast, Steve Miller hosts Edwin Wilches, Co-Head of PGIM's Securitized Product Team, and they delve into the latest trends and innovations in the CLO market. From the rise of private credit CLOs to the influence of ETFs and potential future developments, Edwin offers a comprehensive analysis of how these factors are shaping the financial landscape. Tune in to understand the opportunities and challenges ahead for CLO investors.

In the latest episode of 'LFI's Levered Lines' Podcast, host Luke Millar, Global Editor-in-Chief at LevFin Insights, welcomes Stephanie Kauffman, President and COO of the Melanoma Research Alliance, and Ian Devine, Head of Loan Trading in Europe at RBC. Following the huge success of New York events and ahead of the inaugural Leveraged Finance Fights Melanoma event in London, together, they delve into the founding and mission of the Melanoma Research Alliance, dedicated to increasing funding and advancing melanoma research globally. Ian shares his personal journey with skin cancer, emphasizing the necessity of regular skin checks and awareness, highlighting the crucial role of early detection in effectively combating melanoma. Meanwhile, Stephanie highlights the upcoming Leverage Finance Fights Melanoma event in London, aimed at raising funds and awareness by uniting the finance community for a meaningful cause.

Kerstin Kubanek has a discussion with Nick Baldwin, Managing Director at Lincoln International, focusing on key topics in the private credit landscape. They delve into the stability of amendments and their significant impact on pricing, noting that price increases have decreased since late 2023 due to competitive lending and proactive refinancing. The conversation also covers the influence of 2021 market conditions and the role of PIK (Payment in Kind) in pricing strategies. Despite rising interest rates, private companies continue to perform well, maintaining low default rates. Lenders and sponsors are employing strategies such as amendments, equity infusions, and maturity extensions to manage liquidity and ensure portfolio health.

In the latest episode of the LevFin Insights Levered Lines Podcast, Steve Miller welcomes Peter Gleysteen, Founder, CEO, and CIO of AGL Credit Management. They discuss key topics such as the differences between syndicated and private credit loans, AGL’s exclusive collaboration with Barclays, and the future outlook for leveraged finance and M&A activity. Peter also shares insights into the current health of the leveraged loan market. Tune in for an engaging discussion on the evolving landscape of leveraged finance.

In this episode of the LFI Levered Lines podcast, Steve Miller sits down with Jeff Cohen, the head of Leverage Finance and Private Credit at Santander. Discover the remarkable journey of building a full-fledged leverage finance investment bank and capital markets business in just 12 months. From navigating regulatory hurdles to integrating cutting-edge technology and attracting top talent, this episode offers a behind-the-scenes look at what it takes to succeed in today's competitive leveraged finance landscape. Tune in to hear insights on market trends, the interplay between BSL and private credit, and Jeff's vision for the future.

Tune in to the latest LFI Levered Lines episode as host Sandrine Bradley welcomes Joe Swanson, co-head of Houlihan Lokey’s EMEA Restructuring Group as well as Co-Head of Asia, for an in-depth analysis of the European LME market in the current distressed cycle. Gain insights into how LMEs have evolved into their current form based on current market drivers and when are they appropriate versus a full-on debt restructuring. And, is creditor fight back, via co-ops agreements really a new thing?

In the latest episode of the LFI Levered Lines podcast, host Kerstin Kubanek welcomes Reji Vettasseri, Lead Portfolio Manager for Private Market Investments at DECALIA, to explore the resilience of the European private credit market amidst macroeconomic headwinds. They discuss the influence of economic factors on credit stability, benchmark default rates across various lending models, and analyze trends in leverage and interest rates within the market. Additionally, the episode sheds light on the competitive pricing landscape in credit and offers insights into anticipated developments and opportunities in private credit.

In the first episode of LevFin Insights' "Levered Lines" podcast, host Steve Miller speaks with Leland Hart of Warwick Capital about the intricacies and challenges of setting up a new credit platform over the past 18 months. The episode offers listeners an insider's perspective, enriched by Hart's extensive experience and strategic insights. Topics include infrastructure, operations, fund raising, and the outlook for CLO structures, and much more.