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.

00:00:11 – 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 Ahead

Yann 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 Messages
01:31 - Russell Corn on Founding Fulcrum Diligence and Objective Research
05:38 - James Devey Details the Patrick James First Brands Investigation
13:28 - Why Private Credit Funds Miss Red Flags in Due Diligence
20:03 - Balancing Privacy and Transparency in Commercial Dealings
26:43 - Why Traditional Due Diligence Often Fails to Uncover Fraud
35:44 - The Double-Edged Sword of AI in Due Diligence Investigations
41:59 - How Uncovering Fraud Shapes Private Credit Markets
44:25 - Guests Share Personal Insights and Final Predictions

Russell 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 Role
02:44 - Separating Signal from Noise in Private Credit Headlines
05:10 - Why Private Credit's Growth Attracts Scrutiny
07:27 - The Push for Retail Access to Private Markets
10:13 - Assessing Risk and Volatility in Private Credit
13:31 - How Asset Managers Address Private Credit Critiques
16:31 - Diversifying Beyond Sector in Private Credit Portfolios
21:12 - Distinguishing Macro Trends from Media Sensationalism
25:22 - The Critical Role of Education in Private Markets
29:59 - David Robbins' Personal Insights and Predictions
32:31 - Closing Remarks and Deal Catalyst Information

David 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 & Sponsor
01:31 - Unpacking the 'No Good, Very Bad Week' for Direct Lending
04:34 - Understanding Redemption Requests and the Investor Education Gap
08:47 - AI's Unknown Impact and JP Morgan's Lending Restrictions
11:40 - Navigating Fraud, Strong Returns, and Retail Investor Influx
16:00 - Apollo's Daily NAV Push and Declining Retail Inflows
19:57 - Future Outlook for Direct Lending and Institutional Confidence
24:41 - The Broader Private Credit Market & Upcoming Events

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: Episode Introduction and Sponsor Spotlight
01:31 - Joel Holsinger Defines Asset-Based Finance at Ares
02:16 - Joel Holsinger's Core Definition of Asset-Based Finance
03:18 - Key Drivers Behind Asset-Based Finance's Institutional Embrace
06:44 - Attracting LPs: Insurance and Non-Insurance Capital in ABF
10:20 - Trade-offs Between Captive and Flexible Investment Approaches
12:57 - Good and Bad Innovations in Fund Structures and Market Risks
18:16 - Viewing Fund Finance as a Sub-Segment of Asset-Based Finance
22:15 - The Expansion of NAV Lending and Secondary Market Liquidity
26:11 - Why Markets Are More Resilient: Less Systematic Risk Today
32:09 - Joel Holsinger's Personal Journey to Promote Giving
35:31 - Ares' Initiative: Compounding Purpose Through Philanthropy
40:05 - Joel Holsinger's Sports, Hobbies, and Life Philosophy
42:28 - Market Prediction and Strong Skepticism on Cryptocurrency Value
45:29 - Thank You for Listening to The Credit Clubhouse Podcast

Joel 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