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 - 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

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 Introduction
01:58 - Värde's ABF Evolution, Verticals, and Middle Market Focus
06:53 - Identifying Compelling Segments and Sourcing ABF Opportunities
09:35 - Fund Finance: Rapid Evolution to Standalone Sector
13:15 - Data Science to Avoid ABF Pitfalls and Fraud
18:37 - Blending of Bank and Non-Bank Fund Finance
23:22 - LP Adoption, Questions, and Current ABF Trends
27:47 - Missy Dolski's Rapid Fire Insights and Personal Favorites
31:13 - Thank You for Listening to The Credit Clubhouse

Missy 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 Announcements
01:31 - Navigating the Competitive Direct Lending Market Landscape
03:44 - Private Equity's Role and Segmenting Credit Markets
06:20 - Private Credit's Growing Share and Transparency Evolution
08:43 - The Future of Data Transparency in Private Credit
12:42 - Analyzing Sector Volatility and AI's Economic Effects
18:03 - Covenant Trends and Cyclicality in Credit Market Docs
23:42 - Identifying Key Risks and Macroeconomic Influences
30:51 - Guidance for New Private Credit Investors and Fund Structures
34:41 - Exploring New Avenues in Alternative Finance Strategies
36:52 - Practical Insights from Challenging Credit Investments
41:12 - Rapid Fire Questions and a Bullish Market Forecast
45:35 - Wrapping Up the Discussion and Podcast Outro

Michael 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/