The Credit Clubhouse

This episode is presented by ⁠Cardo AI⁠, the operating system for asset-based finance. Curious to see the platform in action? Book a demo to learn more - https://cardoai.com/book-a-demo/

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 - Welcome to The Credit Clubhouse
02:20 - Unpacking sccess, complexity, and work premiums
05:10 - How sponsor capital benefits the lower middle market
07:16 - Metropolitan's ethos: loan-to-asset value & niche finding
12:04 - Speed in non-sponsored deals
14:10 - Sourcing, empathy, and 'skin in the game' principles
17:32 - Unlocking value in fundamental, below-the-radar businesses
20:07 - Mitigating risk with asset protection and covenants
23:10 - AI's impact on private credit
27:04 - Proactive interventions and managing challenging situations
33:15 - Specialization, LP sophistication, and market misconceptions
37:34 - Paul Lisiak's hobbies, insights, and future predictions
40:16 - Thank You for listening to The Credit Clubhouse

Paul Lisiak, Managing Partner, Metropolitan Partners Group - https://www.linkedin.com/in/paul-lisiak-0611/

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

https://linktr.ee/thecreditclubhousepodcast

This episode is presented by ⁠Cardo AI⁠, the operating system for asset-based finance. Curious to see the platform in action? Book a demo to learn more - https://cardoai.com/book-a-demo/

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 — Exploring Credit Markets and Welcoming Luke Chan
02:17 — Why Collateral is Key to Private Credit Investing
07:00 — How AI is Reshaping Software Lending Dynamics
16:35 — The Future of Software Valuations and Capital
19:18 — Addressing Capital Needs for Digital AI Infrastructure
24:45 — Finding Value in Off-the-Run Asset Types
30:55 — Understanding Real Risks in Private Credit Investing
33:18 — Lessons and Predictions for Credit Market Cycles
36:59 — Luke Chan's Hobbies, Advice, and Market Forecast

Luke Chan, Head of Private Credit, HighVista Strategies - https://www.linkedin.com/in/lukechan/

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

https://linktr.ee/thecreditclubhousepodcast

This episode is presented by ⁠Cardo AI⁠, the operating system for asset-based finance. Curious to see the platform in action? Book a demo to learn more - https://cardoai.com/book-a-demo/

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 - Welcome to the Credit Clubhouse
01:56 - PGIM's Dianna Carr-Coletta on private credit's evolution
04:03 - Debunking risk perceptions in private credit lending
06:23 - How PGIM Builds Direct Relationships with Companies
10:14 - Why direct relationships matter for borrowers
13:11 - Technology's role in sourcing non-sponsored deals
15:58 - Evaluating direct lending's resilience post-GFC and COVID
18:07 - Comparing risk and return in private credit segments
23:30 - Uncovering overlooked risks and borrower education gaps
26:14 - The untapped potential in non-sponsored middle market
30:37 - Navigating competition and terms in private credit
33:47 - Investor insights and middle market competition dynamics
39:52 - Covenants as a tool for risk management and value preservation
44:31 - Private credit's exciting future
46:42 - Dianna's hobbies, family, books, and AI's impact
51:07 - Thank you for listening to The Credit Clubhouse

Dianna Carr-Coletta, Managing Director & Partner, Private Credit, PGIM - https://www.linkedin.com/in/dianna-carr-coletta-20331135/

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

https://linktr.ee/thecreditclubhousepodcast

This episode is presented by ⁠Cardo AI⁠, the operating system for asset-based finance. Curious to see the platform in action? Book a demo to learn more - https://cardoai.com/book-a-demo/

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 - Welcome to The Credit Clubhouse: CLO Awards Special
02:19 - Oak Hill Advisors' CLO Award and investor priorities
06:21 - How the CLO market has evolved since 2001
11:52 - The role of scale in CLO management success
15:35 - Future outlook for BSL market and AI's credit impact
19:03 - Understanding private credit's influence on the CLO market
23:25 - The broadening landscape of CLO investor types
29:05 - The transformative impact of AI on CLO management
33:34 - Personal insights and predictions

TK Narayan, Partner - Structured Products, Oak Hill Advisors - https://www.linkedin.com/in/tk-narayan-257a647/

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

https://linktr.ee/thecreditclubhousepodcast

This episode is presented by ⁠Cardo AI⁠, the operating system for asset-based finance. Curious to see the platform in action? Book a demo to learn more - https://cardoai.com/book-a-demo/

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 — Robert Stark's new role and Nomura's global evolution
05:09 — Strategic focus: investment capabilities and vehicle preferences
10:10 — Beyond direct lending: ABL, real estate, and specialty finance
19:55 — Advisor education: gating, liquidity, and market understanding
31:54 — Navigating public-private convergence and growth risks
44:20 — Robert Stark's hobbies, book, and World Cup prediction

Robert Stark, President & Deputy CEO, Nomura Asset Management International - https://www.linkedin.com/in/robert-stark-053202/

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

https://linktr.ee/thecreditclubhousepodcast