Explore every episode of the podcast 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.

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 ⁠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 - Diving into credit markets with John Kim of Reckoner Capital Management

02:19 - John Kim's path to niche credit investing

04:17 - Finding niche credit opportunities

06:33 - Why complex assets offer higher yields

09:44 - The surprisingly strong economy and credit risks

13:59 - Finding compoundable gains beyond equities

17:04 - Are private credit premiums eroding?

22:42 - The evolution of niche ABS markets

26:32 - The nuances of art and superyacht finance

31:18 - Market size and returns in esoteric assets

35:38 - Competing in growing alternative credit spaces

39:01 - Choosing expertise over name brand managers

41:08 - Solving problems with financial engineering

43:55 - Lending and credit in the evolving AI industry

46:35 - Hobbies, books, and predictions

51:35 - Thank you from The Credit Clubhouse

John Kim, CEO, Reckoner Capital Management - https://www.linkedin.com/in/john-e-kim-97009421a/

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 ⁠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: defining specialty finance today

04:23 - From marketplace to institutional: fintech lending's journey

12:37 - Beyond tech multiples: finding value in embedded lending

19:06 - Assessing consumer health and buy now, pay later's impact

27:15 - The win-win of embedded lending and concentration risks

31:30 - Navigating public vs. private ABS and banks' evolving role

36:32 - Capital inflows, market health, and LP Education

42:07 - Personal insights, predictions, and episode conclusion

Philip Bartow, Head of Specialty Finance & FinTech Lending, Sound Point Capital Management - https://www.linkedin.com/in/philip-bartow-99a51b1/

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

https://linktr.ee/thecreditclubhousepodcast

This material does not constitute an offer to sell or a solicitation of an offer to buy any securities. It is being provided solely for informational and reference purposes only and is not intended to be, and must not be, the basis for any investment decision. Statements represent the subjective views of Sound Point as of the date of the recording and cannot be independently verified and are subject to change. All investing involves risks, including the risk of a total loss. Past performance is not necessarily indicative of future results.

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 ⁠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 - Shaping investment philosophy through market shocks

05:18 - Corporate vs. consumer credit: transparency matters

09:08 - The hidden cost of illiquidity

12:02 - Private capital's new role in mortgage markets

15:52 - Navigating commercial mortgage market shocks and recovery

21:35 - Consumer credit's K-shaped recovery

25:16 - Securitization transforms private assets

33:41 - Data and AI in investment decisions

39:48 - AI's impact on consumer finance

43:32 - AI innovation in credit markets

46:38 - Navigating markets and personal insights: A wrap-up

Mark Tecotzky, Vice Chairman, Ellington Management Group - https://www.linkedin.com/in/mark-tecotzky-7bb00b134/

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 ⁠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

02:26 - The explosive growth of fund finance markets

04:26 - This episode is presented by CARDO AI

05:23 - Assessing the current optimistic mood in fund finance

07:12 - Addressing the fund finance talent pool shortage

10:55 - Expanding the talent pool

12:57 - Disruption and portability in the legal market

16:23 - How hiring standards have evolved in fund finance

19:19 - The need for developing new fund finance talent

22:00 - Strategies for attracting and retaining top talent

25:59 - Introducing 'Inside Fund Finance' trade journal

30:11 - Key skills for a long-term fund finance career

32:58 - Mentoring's critical role

36:28 - AI and leadership: future impact on hiring

39:07 - Getting to know our guests: fun questions

45:00 - Episode conclusion and how to connect with guests

Rory Smith, Founder, Brickfield Fund Finance Recruitment - https://www.linkedin.com/in/rory-smith-82476914/

James Strode, Senior Associate, Brickfield Fund Finance Recruitment - https://www.linkedin.com/in/james-strode-85b3a8118/

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 ⁠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

02:21 - Exploring the compelling opportunities in securitized credit

04:53 - Unpacking misconceptions and growth in digital infrastructure

08:01 - How structural protection shapes securitized credit investments

11:04 - Finding value in overcrowded and overlooked credit sectors

16:09 - Understanding the drivers and risks of data center investing

24:12 - Assessing leverage, liquidity, and structural vulnerabilities in credit

28:24 - The role of insurance capital and emerging credit markets

33:25 - A bold prediction for AI

Joe Allen, Deputy CIO & Head of Securitized Credit Strategies, Bright Meadow Capital - https://www.linkedin.com/in/joseph-allen-cfa-6071445/

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 ⁠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 and DealCatalyst updates

01:56 - Introducing Connor Fitzgerald from Wellington Management

02:20 - Defining characteristics of today's corporate credit environment

05:42 - Disconnects between pricing and corporate credit fundamentals

07:54 - Fed policy influence versus fiscal policy and fundamentals

11:04 - Fed policy scenarios challenging corporate credit investors

13:49 - Key drivers of bond yields and AI market distortion

18:35 - Is today's market accurately reflecting credit risk?

19:57 - Compelling opportunities outside the AI build-out

23:21 - AI infrastructure issuance and sector allocation changes

28:28 - Identifying the biggest risks in the AI build-out

33:11 - How AI issuers will evolve in IG portfolios

35:00 - Developments impacting corporate credit markets in 1-2 years

38:08 - Consensus market views investors are underestimating

39:43 - Personal insights and final thoughts on AI risks

42:00 - Thank you for listening to The Credit Clubhouse

Connor Fitzgerald, Fixed Income Portfolio Manager, Wellington Management - https://www.linkedin.com/in/connor-fitzgerald-789b0b166/

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 ⁠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 - Diving into credit markets with KBRA DLD

01:56 - Unpacking private credit headlines with performance data

07:09 - Redefining private credit beyond distribution strategy

11:50 - The need for standardized data in private credit

15:01 - How lenders and sponsors stabilize direct lending

20:07 - Assessing default risks in software and other sectors

25:47 - Direct lending's underappreciated strengths and recovery

30:28 - How to address negative narratives in private credit

35:30 - Guests' hobbies, and industry predictions

Kelly Thompson, Managing Director, KBRA DLD - https://www.linkedin.com/in/kelly-thompson-29179313/

Eric Rosenthal, Senior Director, KBRA DLD - https://www.linkedin.com/in/eric-rosenthal-5866489/

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 ⁠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 access, 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

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 - Kicking Off the Episode with Samir Tejpaul

02:19 - Samir Tejpaul's evolving perspective on risk and opportunity

04:16 - Navigating commercial real estate in the second half of 2026

08:23 - Why the debt market now sets the tone in CRE

12:45 - Bullish on Bay Area, cautious on bifurcated office

18:29 - The journey of alternative lending post-GFC

26:01 - Innovating in today's competitive debt market

29:21 - Data centers: real estate or infrastructure?

31:25 - How AI is reshaping office, industrial, and housing

37:24 - AI: Enhancing data, not replacing human judgment

39:50 - Preparing for equity capitulation and market stability in 2027

43:23 - Samir Tejpaul's hobbies, leadership, and optimistic future view

Samir Tejpaul, Head of Investments, Madison Realty Capital - https://www.linkedin.com/in/samir-tejpaul-198bb553/

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

DealCatalyst Events

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 with Altin Kadareja

02:22 - From Buy-Side Frustration to Founding Cardo AI

05:37 - Overcoming Challenges and Gaining Market Trust

08:12 - Cardo AI's Role in Private Credit Strategies

10:50 - Why Insurers are Investing in Private Credit

13:26 - Challenges for GPs Seeking Insurance Capital

15:51 - The Industry's Move to Continuous Data Transparency

19:19 - A New Structural Dynamic in Credit Markets

22:20 - Emerging Asset Classes and Cardo AI's Adaptability

25:52 - Technology's Role in Streamlining Private Credit Deals

28:47 - Enhancing Valuation Transparency with Technology

31:05 - Addressing Regulatory Concerns and Market Stability

36:04 - Analyzing the Private Credit Market's Future

38:04 - Tangible Applications of AI in Finance Today

41:13 - Defining the Future of Work in Finance

43:43 - Ensuring Trust and Compliance in Financial AI

47:06 - The Backbone of Scaling Private Markets

50:08 - Personal Insights and Future Market Outlook

54:17 - Thank You for Listening to The Credit Clubhouse

Altin Kadareja, Co-founder and CEO, Cardo AI - https://www.linkedin.com/in/altinkadareja/

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

https://linktr.ee/thecreditclubhousepodcast

Visit https://www.dealcatalyst.io/ to see our remaining events in 2026, non-conference opportunities, and much more.

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

This episode is presented by CARDO AI, the operating system

for asset-based finance. Visit https://cardoai.com/ to learn more.

00:00 - Welcome to The Credit Clubhouse: episode introduction

01:53 - Host Todd Anderson welcomes Ali Meli to the show

02:21 - Navigating the late stages of the private credit cycle

03:28 - Identifying top risk-adjusted opportunities in credit markets

05:15 - Outperforming: scale or specialization in private credit?

08:02 - Understanding Monachil Capital Partners' niche lending strategy

09:48 - Market shift: from direct lending to specialty finance

12:15 - Exploring interesting opportunities in asset-based finance

13:25- Finding value in under-capitalized specialty finance markets

15:11 - Overcoming disadvantages for non-scaled fintech lenders

19:20 - The transformative impact of AI on fintech lending

19:48 - Rethinking Liquidity Management in Private Credit Funds

21:50 - Skepticism on private credit secondary market liquidity

26:31 - LP demand: selective allocation in private credit

30:39 - Unpacking Underappreciated Trends in Private Credit Markets

35:25 - What excites Ali Meli most about lending today

37:57 - Concerns about market correction and second-order impacts

39:57 - Personal insights and a prediction for the next year

Ali Meli, Founder, Monachil Capital Partners - https://www.linkedin.com/in/ali-meli-92ab33167/

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.

00:28 - Celebrating Monroe Capital's boutique CLO manager awards

02:31 - How Monroe Capital balances scale with innovation

06:08 - Private credit CLOs: A permanent shift

09:05 - Differentiating private credit CLOs and investor preferences

12:15 - Middle market loan resilience

14:27 - Seth Friedman's hobbies, books, and future predictions

Seth Friedman, Managing Director, Head of Structured Solutions, Monroe Capital - https://www.linkedin.com/in/seth-friedman-4943432/

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 Aaron Kless and The Credit Clubhouse episode

01:57 - The core middle market opportunity

05:10 - The growing importance of covenants in private credit

07:33 - Differentiating through sports finance as an asset class

13:04 - Navigating legislative uncertainty in collegiate sports finance

15:46 - Investing in media & entertainment's evolving landscape

19:54 - Assessing stress in software lending and consumer health

21:49 - Scaling credit with discipline

24:15 - Addressing misconceptions and educating private credit investors

27:14 - AI's impact on entrepreneurialism and middle market growth

29:53 - The need for a private credit terminology refresh

31:45 - Personal insights and future predictions for private credit

35:25 - Thank you for listening to The Credit Clubhouse

Aaron Kless, CEO & CIO, Andalusian Credit Partners - https://www.linkedin.com/in/aaron-kless/

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 – Welcoming Kanav Kalia of Oxane Partners to discuss the evolution of private credit markets.

01:30 – Why private credit feels different in 2026

03:00 – The Rise of “Private Credit Plus”

04:00 – What’s driving the expansion beyond direct lending

06:00 – Why asset-based finance is scaling fast

08:00 – Back to First Principles: it’s still lending

11:00 – Data, surveillance & operational complexity in private credit

14:30 – AI’s growing role across credit markets

18:00 – Real-world AI use cases for credit investors

22:00 – Banks, private credit & the new ecosystem

26:00 – Where investors are finding opportunity today

30:00 – The future of private credit infrastructure & technology

Kanav Kalia, Chief Sales & Marketing Officer, Oxane Partners - https://www.linkedin.com/in/kaliakanav/

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.

00:01:31 — Introducing Tangible and the mission to democratize liquidity

00:02:10 — Why individual investors need secondary market access

00:05:15 — Bringing technology and standardization to private market transactions

00:08:10 — The rise of smaller NAV loans in private markets

00:10:00 — Building the operational infrastructure for NAV lending

00:13:00 — Liquidity demand across private equity, venture, and credit funds

00:17:00 — How embedded secondary markets reduce risk for NAV lenders

00:21:30 — Responsible use of NAV lending and market discipline

00:25:00 — Competitive price discovery and LP best execution

00:29:30 — Why LP transactions are moving toward digital platforms

00:33:30 — Overcoming the stigma around secondary sales and fund-level liquidity

00:40:30 — Career lessons, global experience, and final reflections

Khalil Hibri, Founder and Managing Partner, Tangible - https://www.linkedin.com/in/khalilhibri/

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 – Introduction & the state of NAV lending

03:00 – NAV lending’s shift toward the middle market

07:00 – The evolution of NAV loan use cases

10:00 – A breakdown of buyout, venture, growth equity, infrastructure, and private credit strategies—and how underwriting differs across each.

14:00 – How documentation, loan structures, and lender expectations have matured as the market scales.

18:00 – Why early LP engagement and clearer governance around NAV facilities are becoming increasingly important.

22:00 – The operational realities of underwriting fund structures, collateral packages, and bespoke financing solutions.

26:00 – Capital calls, liquidity pressure & bridging solutions

30:00 – Regulatory risk, leverage levels & market hype

35:00 – Best practices for GPs + closing personal insights

Tim Ivers, CEO, Warana Capital - https://www.linkedin.com/in/tim-ivers-28317412/

Dan Nolan, Managing Director - Head of Origination, Warana Capital - https://www.linkedin.com/in/dan-nolan-2626a341/

NAV Lending Whitepaper - Warana Capital LLC

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 Clubhouse and Guest Introductions

02:36 - Unpacking the S&P Lincoln Senior Debt Index: What It Is and Why Now

06:39 - Addressing Opacity: The Critical Need for Private Credit Benchmarking

09:58 - LP Reactions, Asset-Level Data, and the Index's Future Evolution

16:36 - Comparing Private and Public Markets: The Enduring Liquidity Premium

21:21 - The Democratization of Private Credit and Retail Investor Education

25:54 - Navigating Competing Benchmarks and Identifying the Market's Biggest Unlock

31:33 - Fun Facts, Future Predictions, and Podcast Conclusion

Eszter Hauber, Director, S&P Dow Jones Indices - https://www.linkedin.com/in/eszterhauber/

Brian Garfield, Global Head of Portfolio Valuations, Lincoln International - https://www.linkedin.com/in/brian-garfield-asa-cfa-49290813/

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 Credit Clubhouse with Dina Kook of Monroe Capital

01:57 - Assessing today's borrower and lender fund finance market

06:00 - Dina Kook's lender-to-borrower insight and Monroe's differentiation

09:22 - Monroe Capital's core borrowing objectives and product utilization

13:17 - Increased LP transparency and diverse investor participation in fund finance

16:25 - The natural progression of fund finance market convergence

18:33 - The future of fund finance: non-banks, AI, and the human element

21:25 - Personal insights, hobbies, and a 12-month market prediction

25:09 - Thank you for listening to The Credit Clubhouse Podcast

Dina Kook, Managing Director, Head of Fund Finance, Co-Head of New York Office, Monroe Capital -https://www.linkedin.com/in/dinakook/

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 with market status and sponsor insights

02:35 - Unpacking private credit's crisis and investor responses

04:56 - Getting to know 9fin's private credit reporter

06:02 - Understanding redemption requests and semi-liquid funds

07:45 - Analyzing credit blow-ups and loosening of underwriting standards

12:00 - Exploring AI's uncertainty across tech and other industries

14:24 - How fraud cases are reshaping market standards and docs

19:43 - The push for transparency and secondary market challenges

22:52 - Uncovering overlooked issues and hidden distress in credit

26:34 - Predicting the next 3 - 4 years in private credit markets

28:44 - Quick takes and personal insights with Tom Quinn

31:06 - Wrapping up

Tom Quinn, Reporter, 9fin - https://www.linkedin.com/in/tmichaelquinn/

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.

Jeffrey Hobbs, Chief Investment Officer - Fixed Income, Voya Investment Management - https://www.linkedin.com/in/jeffrey-hobbs-03b93712/

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.

Tod Trabocco, Head of Private Debt Advisory, StepStone Private Debt - https://www.linkedin.com/in/tod-trabocco-cfa-9a122a/

Nino Nicotra, Director - Private Capital Markets, Kroll - https://www.linkedin.com/in/nino-nicotra-5906515/

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 Credit Clubhouse, show setup, and listener promotion.

02:45 – Background on Patrick Turner and the firm’s history in structured capital.

05:30 – What structured capital means in practice and how it differs from traditional lending.

08:15 – How the market has developed and where structured solutions fit.

11:00 – Why flexible capital solutions are increasingly important for sponsors.

13:45 – Use Cases & Deal Structures

16:30 – How VSS approaches underwriting, risk, and capital preservation.

19:15 – Discussion of today’s credit conditions, volatility, and opportunity set.

22:00 – Investor Demand & Capital Flows

25:30 – Outlook for Structured Capital & Closing Thoughts

Patrick Turner, Partner and Senior Managing Director, VSS Capital Partners - https://www.linkedin.com/in/patrick-turner-1331b91a/

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: Welcome and Clark Briner Introduction

01:55 - Founding Revere Capital: Addressing Lower Middle Market Gaps

05:07 - The Evolving Definition of the Lower Middle Market

06:45 - Lessons from 20 Years: Structure Matters in Lending

08:14 - Revere Capital's Discipline: Avoiding Style Drift

09:54 - Navigating Liquidity, Duration, and LP Education Gaps

12:50 - Exploring Mispriced Opportunities in Specialty Finance

14:16 - Prioritizing Structural Alpha Over Cyclical Opportunities

15:17 - Understanding Direct Lending's Impact on Asset-Backed Finance

17:29 - LP Shift to Risk and Credit Market Convergence

19:47 - Leveraging Data and AI for Scaling Credit Platforms

22:54 - Investment Pitfalls: Avoiding Market Bailout Reliance

24:17 - Hobby, Superpower, and a Must-Read Negotiation Book

25:59 - The Significant Economic Impact of Non-Bank Lenders

27:25 - Clark Briner's Prediction for the Next 12 Months

28:17 - Thank You for Listening to The Credit Clubhouse

Clark Briner, Founder & Principal - https://www.linkedin.com/in/clarkbriner/

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.

00:00:11 – 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

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/

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: Understanding Crypto and DeFi

02:43 - Demystifying Crypto and DeFi: Settlement Layers and Applications

07:56 - Why the World is Moving to a Stablecoin Economy

10:39 - Overcoming Hurdles: Adoption, Intermediaries, and Singleness of Money

19:22 - Institutional Interest Drives On-Chain Credit Expansion

24:12 - Real-World Applications: Stablecoins for Payments and Settlement

30:48 - Boom, Bust, and Beyond: Crypto's Generational Shift

36:18 - Rule Enforcement and System Competition in DeFi

40:48 - Connecting Blockchains: Interoperability, Security, and AI's Role

45:26 - Adrian's Hobbies, Book, and Future Predictions

Adrian Cachinero Vasiljevic , co-founder of Steakhouse Financial - https://www.linkedin.com/in/adriancachinero/

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

Sign up for the Credit Crunch Blog - https://www.creditcrunch.blog/

00:00 - Welcome to the Clubhouse: Private Credit's Current State

02:58 - Why Big Funds Still Rule Private Credit Fundraising

06:56 - KSL's Niche: Capitalizing on the K-Shaped Economy

15:08 - From Evergreen Funds to 401Ks: Expanding Private Market Access

21:35 - Why Investors are Shifting from Private Equity to Credit

26:43 - Howard Marks' Warning: Is AI Creating a New Bubble?

31:05 - Market Bifurcation: Consolidation and the Future of Credit

Nick Smith, Portfolio Manager, Claret Capital Partners

https://www.linkedin.com/in/nick-smith01/

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

00:00 - Kicking Off the New Year with Michael Nowakowski of Conning

01:21 - Assessing the Current State of Structured Credit Markets Today

03:38 - Uncovering Potential Red Flags in Today's Structured Credit Market

05:44 - How Private Debt is Reshaping Structured Credit Deal Terms

08:43 - Michael Nowakowski Details Conning's Structured Credit Focus

10:15 - The Rise of New Issuers in Digital Infrastructure Securitization

11:52 - Exploring the Blending of Public and Private Capital in Deals

14:01 - Why Esoteric Asset Classes Offer Appealing Opportunities Today

17:25 - Navigating the Risks and Caution in Data Center Investments

22:54 - Discovering Value in Other Structured Credit Asset Classes

25:22How Clients React to Major Market News and Policy Changes

27:35 - Michael's Hobbies, Book Picks, and a Bold Market Prediction

31:24 - Don't Miss Out: Exclusive Conference Offer for Listeners

Michael Nowakowski, Head of Structured Products, Conning - https://www.linkedin.com/in/michael-nowakowski09/

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

If you have not yet taken the DealCatalyst Fund Finance Survey, please do so here. We welcome your input.

00:00 - Navigating Private Credit: Inside the Spread Volume 2

02:55 - EQT Acquisition and Global Rebalancing Fuel Secondaries Growth

09:59 - Blue-Chip Firms Dominate Private Credit Fundraising Landscape

13:41 - The Rise of Evergreen and Interval Funds in Private Credit

19:07 - Stay Tuned for New Guests and Podcast Segments

19:54 - Direct Lending Market Poised for Trillions in Growth

23:40 - Regulatory Easing and Bank Competition in Private Credit

28:18 - The Existential Challenge of Fintech Profitability and Scale

31:56 - Thank You and Final Podcast Announcements

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

00:00 - The Credit Clubhouse Welcomes You and Launches "Inside the Spread"

03:44 - A Troubled History: The Host's Buffalo Bills Playoff Agony

06:21 - Examining Global Regulatory Scrutiny on the Private Credit Market

13:21 - Strong Fundraising and the Rise of Evergreen Private Credit Funds

18:39 - Exploring Private Credit Growth in Asia, Middle East, and Secondaries

22:21 - Don't Miss Out: Final Conference Reminders and Go Bills!

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

00:00 - New Year Greetings and The Credit Clubhouse Growth

02:33 - Analyzing 2025's Up and Down Private Credit Markets

05:09 - How Banks Partner with Private Credit, Not Compete

09:14 - The AI Boom and Big Tech's Growing Debt Ratios

15:36 - Prioritizing Risk Management and Selective Deal Making in 2026

17:37 - Why BDCs Face Headwinds and Investor Expectation Resets

20:22 - The Growing Appeal of Asset-Based Finance Opportunities

24:13 - Host's Closing Thoughts and Exclusive Listener Offer

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

00:00 - Clarifying GP Finance and its Role in Fund Management03:17 - Exploring Motivations and Capital Alternatives for GP Financing07:42 - How Crescent Capital Navigates Compelling Market Dynamics13:10 - Identifying the Ideal Target Sponsor for Crescent Capital16:05 - Understanding GP Financing Collateral and Bilateral Deal Structures19:43 - Expanding GP Finance to Other Funds and Crescent's Unique Advantage23:09 - Exploring Innovative Structures and the Evolving GP Finance Market25:17 - Anticipating the Future Evolution and Potential Impediments in GP Finance29:35 - Getting to Know Greg Hardiman with Rapid Fire Fun Questions32:03 - Don't Miss Out: Episode Wrap-up and Exclusive Listener Offer

Greg Hardiman, GP-LP Solutions, Crescent Capital - https://www.linkedin.com/in/gregory-hardiman/

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

Apollo's Private Credit: Fact vs. Fiction

Pension Slams Private Market Ratings After €1 Billion Loss

00:00 - Analyzing Apollo's Defense and Pension Fund Losses in Private Credit

06:22 - Counting Down the Best Holiday Films, From Classics to Modern Favorites

11:12 - Examining the NFL's Massive Ratings and Financial Impact on Sports

14:25 - The Playoff's Impact, Ratings Success, and Private Equity in College Sports

19:33 - Forecasting College Football Champions and Thanking Our Valued Listeners

Top 10 Christmas Movies

• National Lampoon's Christmas Vacation (1989)
• Home Alone (1990)
• Elf (2003)
• The Holiday (2006)
• A Christmas Story (1983)
• It's a Wonderful Life (1946)
• Love Actually (2003)
• How the Grinch Stole Christmas (1966/2000)
• A Charlie Brown Christmas (1965)
• The Polar Express (2004)

Honorable Mention

• Rudolph the Red-Nosed Reindeer (1964)
• Frosty the Snowman (1969)
• Four Christmases (2008)

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

Download the Inaugural ABF Capital Flows Survey Report from DealCatalyst Intelligence.

00:00 - Welcome to the Clubhouse: Unpacking the ABF Capital Flows Survey

02:53 - Why Capital Flows to Larger ABF Asset Managers

05:42 - The Challenge of Direct LP Engagement for Borrowers

09:23 - Bridging the Gap: Banks, Borrowers, and Capital Mismatches

16:01 - Navigating Broad Asset Appetite and Market Discipline in ABF

22:08 - Exploring New Frontiers, LP Sophistication, and the Future of ABF

Ganesh Rajendra, Managing Partner, Integer Advisors - https://www.linkedin.com/in/ganesh-rajendra/

Rory Mepham, CEO, The Sancus Group - https://www.linkedin.com/in/rory-mepham-7ba52913/

Julian Schickel, Founding Partner, Avellinia Capital - https://www.linkedin.com/in/jschickel/

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

00:00 - Welcome to the Clubhouse and Exclusive Conference Offer03:33 - Credit Fund Capital, Securitization, and LP Support in ABF07:21 - Upcoming DealCatalyst Events and ABF Survey Insights09:40 - Adding Sports Content and Community Engagement to the Show11:45 - Examining Mark Rowan's Four Myths About Private Credit18:09 - Stress Tests, Investor Confidence, and Market Momentum21:40 - Looking Ahead to 2026 and Final Conference Offer

Private-Credit Fears Are Based on Four Myths - https://www.bloomberg.com/opinion/articles/2025-12-03/private-credit-is-safe-and-makes-the-financial-system-stronger

Mubadala Backs Private Credit Bets After Plowing in $20 Billion - https://www.bloomberg.com/news/articles/2025-12-04/mubadala-backs-private-credit-bets-after-plowing-in-20-billion

Bank of England launches stress test of private equity and credit - https://www.reuters.com/sustainability/boards-policy-regulation/bank-england-launches-stress-test-private-equity-private-credit-industries-2025-12-04/

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

00:00 - Exploring the Booming Private Credit Market in Ireland

02:35 - Ireland's Shifting Landscape: Public Struggles, Private Boom

05:01 - Quintus Capital's Mid-Market Niche and Growth Strategy

09:46 - Navigating Deal Sourcing and PE Sponsors in Ireland

13:49 - International Expansion and Ireland's Macroeconomic Stability

18:46 - Assessing Risk, Identifying Growth Sectors, and ESG Trends

24:48 - AI's Impact, LP Misconceptions, and Irish Wealth Retention

30:39 - Ireland's Data Center Boom and Kevin Canning's Personal Side

Kevin Canning, CEO, Quintas Capital - https://www.linkedin.com/in/kevincanning1/

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

00:00 - Exploring the Blurring Lines of Public and Private Markets

03:30 - Brad Foster's Role and the Language of Private Markets

06:48 - Understanding the Growth and Appeal of Private Direct Lending

09:27 - What Borrowers Value in Private Capital and the Investment Grade Shift

12:09 - LP Capital Allocation and Bloomberg's Technology in Private Markets

16:03 - Balancing Market Transparency, Confidentiality, and Retail Investor Access

20:55 - Addressing Market Fragmentation and the Future of Secondary Markets

25:51 - Personal Insights, Future Predictions, and Episode Conclusion

Brad Foster, Head of Fixed Income & Private Markets, Bloomberg - https://www.linkedin.com/in/brad-foster-437799ba/

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

This episode is brought to you in partnership with Setpoint, the operating system for capital markets.

01:15 - First Brands and Tricolor failures and what they reveal about the ABF market today

05:08 - Setpoint overview and solving the analog backend

07:03 - What is double pledging, and what happened with First Brands and Tricolor

08:57 - Information accessibility between public and private markets

12:15 - Launching Setpoint Pledge Check

14:48 - The importance of having an independent third party for verification of assets

17:22 - Can double pledging be eliminated?

20:28 - Solving the complex workflows in ABF and moving on from Excel

22:03 - How a private credit ecosystem can become healthy and transparent in the next five years

24:01 - Stuart's entrepreneurship journey and the joy in building new products

26:53 - Fun rapid fire questions and wrap up

Stuart Wall, CEO & Co-Founder, Setpoint - https://www.linkedin.com/in/stuartwall/

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

00:00 - The Rapid Growth of Fund Finance as a Permanent Asset Class

02:34 - From Niche Product to Permanent Asset Class: A Decade of Change

04:58 - Founding Hark Capital: Solving Post-GFC Equity Problems in the Lower Middle Market

08:06 - Navigating 'Bad Press': How NAV Lending Gained LP Acceptance and Clarity

12:15 - Excitement and Concerns: The Future Landscape of Fund Finance

16:33 - Exploring Underdeveloped Niches and Creative Structural Innovations in Fund Finance

22:45 - The Leap of Faith: Lessons Learned from an Entrepreneurial Journey

26:28 - From AI Poetry to Market Forecasts: Doug's Personal Reflections and 2024 Prediction

Doug Cruikshank, Managing Partner & Founder, Hark Capital - https://www.linkedin.com/in/doug-cruikshank-hark/

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

00:00 - Kicking off with Stewart Mandel and The Athletic's mission

02:18 - How NIL and transfers are reshaping college football

04:42 - The legal and financial ramifications of NIL beyond football

08:31 - The financial challenges and governance of college football

11:58 - The future: private equity and a college football super league

17:01 - Stewart Mandel's concerns and Congress's role in college sports

20:52 - Stewart Mandel's hobbies, books, and championship forecast

25:12 - Thank you and exclusive listener offer

Stewart Mandel, Editor-in-Chief of The Athletic's College Football Coverage - https://x.com/slmandel

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