What are some developments that the private credit market has made in terms of ESG, and what is the role of the market in tackling issues such as climate change? Debtwire transformed the market and quickly became the leading provider of expert news, data and analysis on global leveraged credit. In these roles Mike is responsible for ratings, research & analytics related to Fitchs US Corporates LevFin platform as well as sector teams covering gaming, lodging & leisure (GLL), commercial real estate (REITs) and residential real estate (homebuilders & building products). Rating more than 4,000 issuers and 60,000 securities, we are the fourth-largest credit rating agency in the world. Some of Ms. Strattons clients include: JELD-WEN, Synergy, Neogenics, Astria Health, Greenes Energy, Ignite Restaurant Group, Mi Pueblo Food Centers, True Science, Kona Grill, and Quintana Energy Services. Fox Foundation for Parkinsons Research, where he was the first board Chairman and a long-time director. Managing Director, Global Head of the Private Credit Group. She is consistently recognized for her achievements by publications and organizations including theLos Angeles Business Journal,Chambers USA,Legal 500,Best Lawyers in America,Super LawyersandLatinvex. But as more banks enter the space and competition heats up, risk taking will likely rise too. He has managed the legal aspects of investments in publicly traded and pre-IPO companies, as well as investments across the credit spectrum, and has worked with a variety of fund types including closed-ended, open-ended and managed accounts in a wide variety of strategies. Please read our Judson Oswald is a corporate partner in the New York office of Kirkland & Ellis LLP. Mon, 24 January 2022, 11:45 - 12:30 0 hours. from the University of Cincinnati College of Law and his B.A. After everything 2020 has thrown at the world there is plenty for our panel of the best-known faces in the middle-market to discuss: Creditflux talks to Fitch Ratings' Head of US Leveraged Finance, Michael Paladino about ratings performance of private ratings and credit opinions for middle-market companies, how Fitch responded to the pandemic and answer some frequently asked questions on their credit rating approach. Prior to joining Oppenheimer, Mr. Buchanan was Head of Debt Capital Advisory at PwC and Head of Restructuring and Strategic Finance at Morgan Stanley and GE Capital. Since joining Enhanced Capital, Michael has lectured extensively on capital formation programs and has testified before numerous state legislatures and other governmental institutions on related issues. Creditflux US Private Credit Forum - Hogan Lovells Mr. Kencel serves on the Board of Trustees of Canisius High School and is the Chair of the Investment Committee. in Finance from Michigan State University and an M.B.A. in Finance from the University of Chicago Booth School of Business. Our approach and size allow us to be nimble enough to respond to customers' needs in their local markets, but large enough to provide the necessary expertise and resources they require. & Vicki King The speakers will discuss their approaches and experiences on topics such as the growth of ESG factors in private credit in the past year, lenders . Andrew Hulsh is a Member at Mintz and a sought-after transactional attorney who advises private equity and venture capital sponsors, public and private companies, and early stage companies in a broad spectrum of US and international transactions. Senior Managing Director, Co-Head of Senior Lending, Chief Executive Officer & Chief Investment Officer, Managing Director, J.P. Morgan and Co-Founder & Chief Product Officer, Head of Capital Formation & Investor Solutions, Partner, Senior Managing Director, Co-Head of Senior Lending. A senior member of DBRS Morningstars rating committee, Lisa participates as a voting member in reviewing, assigning and changing ratings and rating trends across various asset classes. He is a member of the Charter Financial Institute and a CFA charter holder since 1997. Thinktank Autonomy announced that they would be trialling a universal basic income scheme (see 7.10am post). Michael started an Impact Affinity Group at Chief Executives Organization (CEO), an organization for graduates of the Young Presidents' Organization (YPO), that hosts quarterly meetings featuring speakers and discussions on various investment- and philanthropy-focused ESG/impact topics. By providing your information, you will also receive emails from ION Analytics regarding our business, products and services. Matthew leads transactions spanning diverse industries, including financial services, real estate, retail, life sciences, health care, technology, food and beverage, hospitality, film and music entertainment, media, and telecommunications. Alex also serves on the Americas Inclusion and Diversity Committee, is the head of the Asian Network in the Americas and the firmwide recruiting captain for the Massachusetts Institute of Technology (MIT). What is the outlook for private credit in the year ahead? He lives and works in New York. Karen has spent her career building relationships with investors that include institutions, advisors, family offices and individuals. Prior to joining Piper Jaffray in 2010, Ms. Stratton was at Macquarie Capital Advisors (and predecessor firms). 2022 Private Credit Year End Comp. He also serves on the Archdiocese of New York Pension Investment Advisory Committee. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. in Accounting and Decision Science from Miami Universitys Farmer School of Business. Associate 3 in IB - Cov. You can update your preferences at any time. Whether they call it direct lending, private credit or the middle-market pension funds and insurance companies are continuing to pour money into this space. Join us for a webinar examining the trends that defined US leveraged loan and private credit markets in 2022 along with what lies ahead in 2023. This unmatched volume allows the team to provide creative and nimble counsel on todays largest, multifaceted financing transactions, debt restructurings and workouts. From equities and fixed income to infrastructure and private equity, ION helps institutions and individuals to source new investments, monitor current positions, analyze markets for investment opportunities and benchmark performance. What shape will this distressed cycle take? Heath brings 25 years of capital markets and leveraged lending experience to NXT Capital. Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy, best in class execution and investment are driven by more than 150 professionals in New York, Charlotte, Chicago, Dallas and Los Angeles. Prior to founding Egan-Jones, Mr. Egan worked as a commercial banker for JP Morgan, as an investment banker for Oppenheimer, and as a management consultant with KPMG Peat Marwick. What should managers do about stressed or distressed assets? Deal terms have always been one of the keys to the success, or failure, of middle-market debt investments, but they are even more critical when times get tough. Mr. Picco joined Sound Point in 2014 and is currently Head of Capital Solutions and Alternative Lending and a Portfolio Manager for the Strategic Capital Funds. Raphael leverages a strong background in securities analysis and risk management, coupled with deep investment experience across the spectrum of private market asset classes foremost credit and hedge, as well as niche alternative strategies providing investors with exposure to hard to access markets, including litigation and rescue financing, special/distressed situations, arbitrages, and insured structures, among others. Previously, he was a Director of Capital Markets at Merrill Lynch Capital responsible for structuring and syndicating transactions originating in the Western, Midwest and Northeastern U.S. Heaths experience also includes capital markets positions with Antares Capital Corporation, Heller Financial and GE Capital, as well as roles at vCapital, Inc. and State Farm Insurance. It brings to bear the largest dedicated group of debt finance practitioners in the marketplace with an unparalleled commercial understanding of U.S. and international financing markets. Mr. Gravely was a managing director at Tennenbaum Capital Partners from 2008 to 2017 where he invested across the capital structure in liquid and illiquid credit, stressed and special situation, distressed securities, and private equity transactions. Lisa was also responsible for managing rating agency and fixed income investor relationships. To reset your password please enter the email address associated with your account. An error occurred trying to play the stream. Which sectors and regions look most attractive for distressed investors? Private Credit Forum 2022 | Institutional Investor Memberships and Forums Paladino joined Fitch in 2006 from UBS where he also covered the GLL sector since 2000 and contributed to the research platform achieving a #1 ranking in the Leisure category by Institutional Investor from 2002-2006. We are at the forefront of the private credit market advising on all stages of the lending lifecycle from the structuring and establishment of direct lending funds, through to advising lenders and borrowers on financing transactions, including regulatory and tax aspects, and providing restructuring advice in the event that this is required. David Golub is President of Golub Capital, a market-leading, award-winning direct lender and experienced credit asset manager, with over $45 billion of capital under management. Head of Capital Solutions and Alternative Lending / Portfolio Manager. Where do the next set of opportunities lie in private credit? Below is a highlight of our protocol for event safety. Mr. Golub earned his AB degree magna cum laude in Government from Harvard College. AlbaCore Capital. Christine Yoon is a senior director in Fitch Ratings Structured Credit group. Lisa also leads the Diversity, Equity & Inclusion (DEI) advisory group for DBRS Morningstar, which is responsible for setting and implementing internal DEI-related objectives. Fitch Group is comprised of: Fitch Ratings, Fitch Solutions, Fitch Learning and Sustainable Fitch. Fitch Group is a global leader in financial information services with operations in more than 30 countries. Brad Marshall is Head of North America Private Credit, CEO of both the Blackstone Private Credit Fund (BCRED) and the Blackstone Secured Lending Fund (BXSL), and a Senior Managing Director with Blackstone. Her mandate included sourcing and executing direct lending, financial advisories, and private placements for non-investment grade issuers. He also helped to found high yield finance businesses at both Chase Securities (now JP Morgan) and SBC Warburg (now UBS). Handy is a Managing Director and Head of Portfolio & Underwriting for First Eagle Alternative Credits Direct Lending platform. Our panel of top private credit managers walk us through their investment processes through analyzing several case studies. Unmesh Bhide- Managing Director at J.P. Morgan and Co-Founder of PricingDirect. Prior to joining THL Credit in 2016, Ms. This involves giving 30 people 1,600 a month with no conditions to see how they . Prior to joining DBRS Morningstar, Mr. Priolo was a financial analyst for Harding Advisory, an ABS-CDO collateral manager, from 2007-2008 and a structured finance analyst for Ernst and Young, in the ABS-CDO group, from 2006-2007. Cost of living - latest: Universal basic income to be trialled in Prior to joining Cinven, Jason worked in financial sponsors coverage at Credit Suisse in New York, and in securities litigation at Berkeley Research Group in California. Mike Paladino is a Managing Director in the US Corporate Finance group at Fitch Ratings. Todd is a leveraged finance and private debt partner in Allen & Overys New York office. Phone: (212) 224-3160, For asset allocators looking for further information, please contact: Copyright 2021 Mergermarket Ltd. All rights reserved, Please submit the following details to download the report. DBRS Morningstar empowers investor success by bringing more transparency and a much-needed diversity of opinion in the credit rating industry. She earned a B.A. Moodys Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. So how will all of this money actually get deployed? Mr. Golub is a member of the Stanford Graduate School of Business Advisory Council. Venues in New York. What will be the long-term impacts of COVID-19 on middle-market companies? 2021 was an exceptional year for private credit, with high levels of activity due to pent-up demand and $191.2 billion allocated towards the asset class. From equities and fixed income to infrastructure and private equity, ION helps institutions and individuals to source new investments, monitor current positions, analyze markets for investment opportunities and benchmark performance. Fill in your details to create an ION Analytics account to register for events, access market insights and download reports. He also helped to found high yield finance businesses at both Chase Securities (now JP Morgan) and SBC Warburg (now UBS). Before joining Blackstone Credit, then known as GSO Capital Partners, in 2005, Mr. Marshall worked in various roles at RBC, including fixed income research and business development within RBCs private equity funds effort. The Firm specializes in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. NEW YORK, July 14, 2022 -- ( BUSINESS WIRE )--Egan-Jones Ratings Company was a proud sponsor at the ION Analytics' US Private Credit Forum in New York, NY held on July 12th. Proskauer is a firm of 800+ lawyers serving clients from offices located in the leading financial and business centers in Europe, the Americas and Asia. Agenda | Debtwire US Private Credit Forum 2023 - ION Analytics Community Create a free account to gainaccess to all of our virtual events, insights and networking opportunities. He advises clients in many industries, including life sciences, technology, clean tech and . Randy has broad experience in middle market finance and is widely credited with developing loan syndications for middle market companies. Allen & Overy is a global law firm that helps the worlds leading businesses to grow, innovate and thrive. She is currently responsible for the surveillance of Fitchs CLO ratings and contributing to CLO market research. Mr. Picco serves as a regular guest lecturer specializing in structured lending at Columbia Business School. Ranesh Ramanathan is a corporate partner in the Boston office of Kirkland & Ellis LLP, and focuses on debt finance, distressed/special situations, alternative investments and credit fund transactions. Regional outlook: capitalizing on opportunities in Asian private credit. conditions, Modern in Mathematics from Cornell University and an M.A. Creditflux talks to Fitch Ratings' Head of US Leveraged Finance, Michael Paladino about ratings performance of private ratings and credit opinions for middle-market companies, how Fitch responded to the pandemic and answer some frequently asked questions on their credit rating approach. Private Credit: Research and Insights | Moody's And which industries and sectors will benefit and which wont? An error occurred trying to play the stream. In his role, he focuses on sourcing and structuring specialty lending solutions to companies in need of liquidity or requiring complex financing structures. PricingDirect provides independent evaluated pricing (valuation and pricing data) for more than 2.6 million U.S. taxable fixed income securities and derivatives daily. Kenneth J. Kencel serves as president and CEO of Churchill Asset Management. Still more are caught in a financing void, unable to tap banking or capital markets channels. Agenda | US Private Credit Forum Institutional Investor, Inc. All material subject to strictly enforced copyright Specialty Lender Finance & Private Credit Forum, hosted by DealCatalyst, being held in New York on November 9. Conferences on Debt and Credit Markets | Savvy Investor Eric joined DealCloud in 2016 and leads a sales pod in the coverage of New England & Texas territories. He graduated from Cambridge University with an MSci in Natural Sciences. Prior to joining Varagon, he was a Senior Vice President at GE Antares Capital. He is currently on the board of the Pancreatic Cancer Action Network. Structured Credit group at DBRS Morningstar. Ms. Organiser: CFA Institute Location: Webinar, Online in History from Columbia University and an M.B.A. from Harvard Business School. Our expert panellists debate the risk-reward of post COVID-19 credit. Core vs opportunistic strategies which have performed better in the past year, and how will this affect future allocations? Where do these crucial finance segments stand now, and how will each navigate an uncertain 2023? allow physical distancing. Click to create account. He has over two decades of experience in the field and pioneered some of the spaces earliest impact investing initiatives. in Finance and Spanish from Boston College. She is a Certified Insolvency and Restructuring Advisor, a board member of the Turnaround Management Association, and a member of the Association of Insolvency and Restructuring Advisors and the American Bankruptcy Institute. degree with distinction in engineering from the Bangalore Institute of Technology, India. In this role, he oversees US and European teams rating CLOs, CLO warehouses, direct origination funds, leveraged loan funds, CFOs of private equity, SME CLOs, CLNs, ABCP, trade receivables, subscription loans, special projects and surveillance. Our panel of esteemed private credit experts will discuss their views on the market and look at the year ahead, including challenges and changes that may arise as a result of market volatility. Previously, he was a director and president of Carlyle GMS Finance; founded and was president and CEO of Churchill Financial; and served as head of leveraged finance for Royal Bank of Canada, as well as head of Indosuez Capital - a leading middle market merchant banking and asset management business. How are LPs responding to stressed portfolios and slow deployment? data and analysis on global leveraged credit. Matthew Edward Schernecke advises direct lenders, mezzanine investment funds, and venture capital investors in a variety of debt and investment transactions with borrowers of all sizes, types, and structures. He regularly counsels commercial and investment banks, alternative asset managers and private credit funds, as well as borrowers and other market participants, on secured and unsecured loans, leveraged and acquisition financings, asset-based loan facilities, debtor-in-possession financings, bridge loans, restructurings and recapitalizations, and general corporate finance and banking matters. DBRS Morningstar is the next generation of credit ratings. Co-Manager of Aquiline's Credit Strategy. Immediately prior to joining Kirkland, Ranesh was a managing director at Bain Capital and general counsel to Bain Capitals public markets business and served on Bain Capital Credits risk and oversight committee. Agenda | US Private Credit Forum 2022 - ION Analytics Community With global breadth and local depth, our end-to-end coverage goes behind the scenes from primary issuance to the first sign of stress through restructuring and beyond. Kevin McLeod, Head of Fund Development of Cerberus Business Finance and Senior Managing Director of Cerberus Capital Management. He also serves on the firms investment committees and Board of Directors. The team continues to build on its history of innovation with the recent launch of Validation +, TransparencyDirect, and a Liquidity Score at the asset class and universe level. Raphael joined HighVista in 2004 and today leads the firm's investment team, having been involved in nearly all areas of HighVistas portfolio for nearly two decades. Our panel of investment professionals discuss the outlook and competitive landscape for distressed debt and special situations, as well as their thoughts on what opportunities may emerge in the next 12 months. Mr. Paladino earned a BS in business administration with a concentration in finance from The College of New Jersey. She has lead analyst responsibilities for a diverse portfolio of fund debt ratings. Prior to KS, Mr. Picco was an Associate at The Carlyle Group in Washington DC, where he worked on leveraged buyout transactions. Alex is Americas co-head of Private Credit within Goldman Sachs Asset Management. Institutional Investor is committed to the health and safety of our participants at our events. His primary responsibilities include oversight of the groups professionals, portfolio construction and overall management of the Mezzanine Finance and Middle-Market Direct Lending strategies. Prior to joining the firm, Randy served as a senior managing director and head of capital markets and indirect origination at Churchill Financial. Hallie holds a Bachelor of Science in Business Administration from the Boston University Questrom School of Business, Summa Cum Laude, with a dual concentration in Finance and Entrepreneurship. From 1997 to 2000, he was based in Hong Kong, working on mergers & acquisitions, debt and equity financings, privatization and restructuring assignments for clients across Asia Pacific. ION Analytics is a provider of markets intelligence and workflow automation tools. Throughout his tenure, Michael has shaped Enhanced Capitals impact measurement and learning development, and helped investors become more familiar with the impact investing space. Managing Director and Head of Portfolio & Underwriting, Managing Director, Global Head of the Private Credit Group, Managing Director and Co-Portfolio Manager, Middle-Market Finance, Head of Capital Solutions and Alternative Lending / Portfolio Manager, Managing Director, Restructuring and Special Situations, Managing Director, Head of Private Debt Secondaries, Managing Director and Head of Portfolio & Underwriting, In conversation: How the boundaries between broadly syndicated and private are shifting, In conversation: Rating the Middle Market during COVID-19, Asian private credit: Predicting the post COVID-19 environment. 23 Jun 2022 | Moody's Investors Service With disintermediation risk rising, some banks have found opportunity in capital call lending, which has a very strong track record for asset quality. in Mathematics Education from Teachers College, Columbia University. The Rise of Private Credit: Preparing for the Next Phase in the Credit Cycle, There is still the need to continue to navigate the unprecedented changes in the market as many of the impacts wrought by the pandemic are proving to be less transitory than anticipated Its true that private credit markets performed better in some ways than the public markets, but what is the, June 5-7, 2023 | Hotel Casa del Mar | Santa Monica, June 6-7, 2023 | Four Seasons Hotel | Boston, MA, June 6, 2023 | Four Seasons Hotel Boston | Boston, MA, June 7, 2023 | Four Seasons Hotel Boston | Boston, MA, June 7, 2023 | Four Seasons Hotel | Boston, June 8-9, 2023 | Four Seasons Hotel | Boston, MA, Institutional Investor Institute: Endowments & Foundations Roundtable 2023, Alternative Investor Institute: Endowments & Foundations Roundtable 2023, Terms During that period, he specialized in bridge finance and was responsible for deal origination, market analysis, structuring, due diligence and legal documentation. What does the future hold for ESG incorporation in the private credit market. degree in engineering from the University of Akron, Ohio and an M.B.A. in finance from Yale University. The Firms debt finance group serves a wide and varied client base ranging from Fortune 500 corporations to leading global private equity firms and their numerous portfolio companies. Focus on data, ratings, performance and loan documentation . Mr. Golub is on the board of directors of Burton Snowboards and has served on the boards of numerous public and private companies. With more than 280 debt finance attorneys practicing out of the U.S., Asia and Europe, Kirkland handles more transactions for borrowers than any other law firm in the world and, for the last five years, has led the market in U.S. borrower transactions. Overview; Agenda; Speakers . Previously, he served as co-head of the Loan Execution Team at Goldman Sachs & Co. and as a corporate associate at Ropes & Gray LLP in the private equity and debt financing groups. He is a Co-Head of GSO's Performing Credit Group overseeing GSOs Direct Lending effort and is a member of GSOs Investment Committee. ION Analytics is a provider of markets intelligence and workflow automation tools. Which sectors do managers see the most activity when it comes to portfolio construction, and is there a need for increased diversification? He also counsels private equity clients and corporate borrowers on domestic and cross-border acquisition financings, out-of-court restructurings and workouts, bankruptcy matters, ESG and impact investment financings, and real estate financings. How can funds secure attractive investment opportunities? Managing Director, Head of Global Sales - Memberships, Forums and Media Hallie Ransone joined the Global Fixed Income team at Liberty Mutual Investments in 2020 where she leads the Private Credit business as a Portfolio Manager. By providing your information, you will also receive emails from ION Analytics regarding our business, products and services. Mr. Priolo joined DBRS Morningstar in 2009. Egan-Jones Sponsored ION Analytics' US Private Credit Forum in New York Tim Gravely joined Aquiline in 2019 and co-manages Aquilines credit strategy. Mr. Kencel is a guest lecturer at Boston University Questrom School of Business and a former member of the Board of Advisors and Adjunct Professor at the McDonough School of Business at Georgetown University. Anchorage Capital Group. US Private Credit Forum Returning in-person! US Private Credit Forum will cover the whole life-cycle of the middle-market, from fund-raising to origination to securitization. DBRS Morningstar's Lisa Kwasnowski and Joe Priolo will outline the wide range of options open to managers, including closed end funds, interval funds, and perpetual vehicles, and debt issuances directly from these vehicles or from feeder funds. Managing Director and Co-Portfolio Manager, Middle-Market Finance. We are unmatched in being able to offer our clients expert support on all stages of the lending lifecycle and across the full spectrum of private credit products including both middle-market and large-cap senior secured financings, revenue and pre-profit deals, first loss / second loss and other super senior structures, second lien / mezzanine, holdco financings, hybrid equity solutions, NAV and other fund financings, real estate, asset finance, special situations, distressed and quasi-distressed matters.
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