The Credit Clubhouse

Axos Bank brings you today’s episode.

Axos Bank. Born digital, built on relationships.

Check out DealCatalyst's 2027 event schedule, hot off the presses - https://www.dealcatalyst.io/events/2027-schedule

DealCatalyst Homepage⁠ - https://www.dealcatalyst.io/
DealCatalyst Events⁠ - https://www.dealcatalyst.io/events⁠
Private Credit Club⁠ - https://www.dealcatalyst.io/private-credit-club

Listeners can save 10 percent on conference tickets by using the promo code CREDIT at checkout.

00:00 - Diving into fund finance with Matt Wilbur
02:00 - Why fund finance lacks transparent pricing
04:46 - The natural evolution of fund finance products
06:35 - Underwriting sub-lines: data gaps and opinions
09:21 - Comparing fund finance and data sharing challenges
12:08 - Investor demand and fraud risk in fund finance
14:26 - What protects sub-line lenders in downside scenarios
18:22 - Is fund finance a recognizable institutional asset?
20:51 - Key changes for fund finance
23:56 - How new players drive fund finance evolution
26:44 - The future of liquidity and investor guidance
29:22 - Matt Wilbur's personal passions and industry excitement
32:14 - When will fund finance standardize?

Matt Wilbur, Founder, Silo Fund - https://www.linkedin.com/in/mrwilbur/

Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

https://linktr.ee/thecreditclubhousepodcast

Important Disclosure: The views and opinions expressed here reflects the judgments and opinions of the speaker(s), do not purport to be complete, and do not reflect the official position of any affiliated firm, employer, or organization. No obligation to update or otherwise revise such views and opinions is being assumed. The content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or financial advice. Statements regarding market or economic conditions, forecasts, and forward-looking expectations are inherently uncertain, and actual results may differ materially. This content does not constitute, and should not be construed as, an offer of advisory services, securities or other financial instruments, a solicitation of an offer to buy any security or other financial instrument, or a recommendation to buy, hold or sell a security or other financial instruments in any jurisdiction. References to specific securities, issuers, indexes, and strategies are for illustrative purposes only, may or may not be currently held by the hosts and guests in a direct or indirect capacity, and are not intended to be, and should not be interpreted as, an indication that an investment has been or will be profitable. Listeners should conduct their own due diligence and consult with a qualified financial, legal, or tax professional before making any investment decision.

Axos Bank brings you today’s episode.

Axos Bank. Born digital, built on relationships.

Check out DealCatalyst's 2027 event schedule, hot off the presses - https://www.dealcatalyst.io/events/2027-schedule

DealCatalyst Homepage⁠ - https://www.dealcatalyst.io/
DealCatalyst Events⁠ - https://www.dealcatalyst.io/events⁠
Private Credit Club⁠ - https://www.dealcatalyst.io/private-credit-club

Listeners can save 10 percent on conference tickets by using the promo code CREDIT at checkout.

00:00 - Diving into credit markets with Andrew Axelrod, Axar Capital
02:34 - Why distressed investing is thriving today
05:50 - Liability management exercises and their limitations
08:38 - Understanding Axar's approach to distressed companies
13:09 - Identifying what goes wrong in troubled businesses
17:49 - Where Axar finds opportunities in middle market
21:09 - The financials sector and M&A market dynamics
26:19 - Deleveraging and leadership in company turnarounds
32:41 - Dispelling myths and leveraging technology in turnarounds
37:58 - Predicting restructuring waves and addressing LP concerns
42:49 - Key learnings and a glimpse into AI's impact

Andrew Axelrod. Founder and CEO, Axar Capital - https://www.linkedin.com/in/andrew-axelrod-87ab661b9/

Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

https://linktr.ee/thecreditclubhousepodcast

Important Disclosure: The views and opinions expressed here reflects the judgments and opinions of the speaker(s), do not purport to be complete, and do not reflect the official position of any affiliated firm, employer, or organization. No obligation to update or otherwise revise such views and opinions is being assumed. The content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or financial advice. Statements regarding market or economic conditions, forecasts, and forward-looking expectations are inherently uncertain, and actual results may differ materially. This content does not constitute, and should not be construed as, an offer of advisory services, securities or other financial instruments, a solicitation of an offer to buy any security or other financial instrument, or a recommendation to buy, hold or sell a security or other financial instruments in any jurisdiction. References to specific securities, issuers, indexes, and strategies are for illustrative purposes only, may or may not be currently held by the hosts and guests in a direct or indirect capacity, and are not intended to be, and should not be interpreted as, an indication that an investment has been or will be profitable. Listeners should conduct their own due diligence and consult with a qualified financial, legal, or tax professional before making any investment decision.

Check out DealCatalyst's 2027 event schedule, hot off the presses - https://www.dealcatalyst.io/events/2027-schedule

DealCatalyst Homepage⁠ - https://www.dealcatalyst.io/
DealCatalyst Events⁠ - https://www.dealcatalyst.io/events⁠
Private Credit Club⁠ - https://www.dealcatalyst.io/private-credit-club

Listeners can save 10 percent on conference tickets by using the promo code CREDIT at checkout.

00:00 - Introducing Aaron Krawitz and today's credit market landscape
04:20 - How Bravo Capital differentiates in real estate lending
08:08 - Aaron's restructuring background shapes lending strategy
11:07 - Underwriting high-leverage deals and construction finance
14:27 - Understanding bank pullback and borrower priorities today
17:09 - Navigating HUD insured and healthcare real estate lending
23:05 - The importance of deep specialization in niche markets
27:11 - The reality of office to residential conversions in NYC
30:47 - Addressing overcrowding and geography in real estate credit
35:04 - AI's impact, culture's power, and LP misconceptions
40:16 - Identifying underappreciated risks and a market prediction

Aaron Krawitz, CEO and Founder, Bravo Capital - https://www.linkedin.com/in/aaronkrawitz/

Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

https://linktr.ee/thecreditclubhousepodcast

Important Disclosure: The views and opinions expressed here reflects the judgments and opinions of the speaker(s), do not purport to be complete, and do not reflect the official position of any affiliated firm, employer, or organization. No obligation to update or otherwise revise such views and opinions is being assumed. The content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or financial advice. Statements regarding market or economic conditions, forecasts, and forward-looking expectations are inherently uncertain, and actual results may differ materially. This content does not constitute, and should not be construed as, an offer of advisory services, securities or other financial instruments, a solicitation of an offer to buy any security or other financial instrument, or a recommendation to buy, hold or sell a security or other financial instruments in any jurisdiction. References to specific securities, issuers, indexes, and strategies are for illustrative purposes only, may or may not be currently held by the hosts and guests in a direct or indirect capacity, and are not intended to be, and should not be interpreted as, an indication that an investment has been or will be profitable. Listeners should conduct their own due diligence and consult with a qualified financial, legal, or tax professional before making any investment decision.

Check out DealCatalyst's 2027 event schedule, hot off the presses - https://www.dealcatalyst.io/events/2027-schedule

DealCatalyst Homepage⁠ - https://www.dealcatalyst.io/
DealCatalyst Events⁠ - https://www.dealcatalyst.io/events⁠
Private Credit Club⁠ - https://www.dealcatalyst.io/private-credit-club

Listeners can save 10 percent on conference tickets by using the promo code CREDIT at checkout.

00:00 - The Credit Clubhouse: welcome, guest, and Mavik Capital's Vision
03:18 - Why consensus leads to underperformance
06:12 - Understanding the Fujiwara Effect and unseen dangers in credit
10:22 - The systemic risks of consolidation and scale's impact on outperformance
15:48 - Unpacking the true state and opportunities in commercial real estate
19:43 - Geopolitics reshaping private markets
22:43 - Cautionary tales: AI, data centers, and speculative market manias
30:38 - Uncertainty creates investment opportunity
34:37 - Triathlon, resilience, and the core philosophy of Mavik Capital

Vik Uppal, Founder & CEO, Mavik Capital Management - https://www.linkedin.com/in/vik-uppal/

Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

https://linktr.ee/thecreditclubhousepodcast

Important Disclosure: The views and opinions expressed here reflects the judgments and opinions of the speaker(s), do not purport to be complete, and do not reflect the official position of any affiliated firm, employer, or organization. No obligation to update or otherwise revise such views and opinions is being assumed. The content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or financial advice. Statements regarding market or economic conditions, forecasts, and forward-looking expectations are inherently uncertain, and actual results may differ materially. This content does not constitute, and should not be construed as, an offer of advisory services, securities or other financial instruments, a solicitation of an offer to buy any security or other financial instrument, or a recommendation to buy, hold or sell a security or other financial instruments in any jurisdiction. References to specific securities, issuers, indexes, and strategies are for illustrative purposes only, may or may not be currently held by the hosts and guests in a direct or indirect capacity, and are not intended to be, and should not be interpreted as, an indication that an investment has been or will be profitable. Listeners should conduct their own due diligence and consult with a qualified financial, legal, or tax professional before making any investment decision.

This episode is presented by ⁠TriState Capital Bank. TriState Capital Bank is a Pennsylvania chartered bank and a wholly owned subsidiary of Raymond James Financial, Inc. Member FDIC.

Specialized Treasury Management is a highly customized service, learn more by visiting - https://tristatecapitalbank.com/wp-content/uploads/TM_Overview.pdf

DealCatalyst Homepage⁠ - https://www.dealcatalyst.io/
DealCatalyst Events⁠ - https://www.dealcatalyst.io/events⁠
Private Credit Club⁠ - https://www.dealcatalyst.io/private-credit-club

Listeners can save 10 percent on conference tickets by using the promo code CREDIT at checkout.

00:58 - Welcome to The Credit Clubhouse & upcoming events
01:56 - Introducing Dustin Goldstein and TriState Capital Bank
02:34 - How treasury management became more strategic
04:30 - Biggest changes: technology and CFO concerns
06:37 - Dustin Goldstein's journey and TriState Capital's model
10:08 - Treasury's importance in bank-client & multibank world
16:03 - Service as the key differentiator in treasury
18:42 - Balancing yield, liquidity, and operational convenience
23:58 - Real-time payments and the future of treasury
31:05 - Staying ahead of sophisticated fraudsters in treasury
36:03 - TriState Capital's new asset-based finance vertical
40:18 - Conventional wisdom, CFO advice, and market opportunities
43:53 - Travel, hobbies, books, and future rate predictions
48:34 - Thank you and where to find DealCatalyst

Dustin Goldstein, Executive Vice President, Head of Treasury Management Sales and Strategy, TriState Capital Bank - https://www.linkedin.com/in/dustingoldstein/

Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

https://linktr.ee/thecreditclubhousepodcast

Important Disclosure: The views and opinions expressed here reflects the judgments and opinions of the speaker(s), do not purport to be complete, and do not reflect the official position of any affiliated firm, employer, or organization. No obligation to update or otherwise revise such views and opinions is being assumed. The content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or financial advice. Statements regarding market or economic conditions, forecasts, and forward-looking expectations are inherently uncertain, and actual results may differ materially. This content does not constitute, and should not be construed as, an offer of advisory services, securities or other financial instruments, a solicitation of an offer to buy any security or other financial instrument, or a recommendation to buy, hold or sell a security or other financial instruments in any jurisdiction. References to specific securities, issuers, indexes, and strategies are for illustrative purposes only, may or may not be currently held by the hosts and guests in a direct or indirect capacity, and are not intended to be, and should not be interpreted as, an indication that an investment has been or will be profitable. Listeners should conduct their own due diligence and consult with a qualified financial, legal, or tax professional before making any investment decision.