The Credit Clubhouse

01:25 - Analyzing the Ryder Cup: US Team's early deficit05:02 - Data Centers and AI: the hottest trend in asset-based finance09:18 - Structuring deals for insurance capital: opportunities and risks13:35 - The power of private transactions: flexibility and control in deals16:56 - Exploring new frontiers: fintech, art, HEI, and ABF market growth25:08 - From Mets misery to NFL hopes: sports roundup29:14 - Private Credit and Equity: sports as the next major asset class32:03 - Get involved: share ideas and join DealCatalyst conferencesTodd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - Exclusive DealCatalyst offer and guest introduction01:18 - From Wall Street analyst to TCG Founder06:30 - Real estate, opportunistic, and private credit under one roof10:59 - TCG's unique investor-friendly capital structure and approach13:41 - Navigating the private credit bubble for underserved markets19:22 - Current credit cycle and real estate market stress25:34 - Southern states growth and future office lending opportunities30:15 - Building relationships and exploring unconventional asset classes34:35 - Len's coaching role and TCG's family enterprise culture36:57 - Hobbies, book recommendations, and a bold market prediction42:10 - Thank you and final DealCatalyst Conference offerLen Tannenbaum, Founder, TCG - https://www.linkedin.com/in/leonard-tannenbaum-a3b3561/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - Understanding Coromandel's niche in the current market.04:47 - Optimizing capital stacks and fintech's evolving role.11:24 - Navigating chaos: Coromandel's founding story.15:11 - Avoiding common pitfalls for early-stage venture-backed companies.20:38 - Identifying credit gaps in small business and consumer lending.25:52 - Educating LPs and the rise of co-investing in private credit.31:50 - Leveraging technology and AI for scalable niche lending.37:08 - Could AI disrupt relationship-based, smaller check lending?39:47 - Where Coromandel sees the most compelling future opportunities.43:43 - Rob's sports fandom and a surprising personal fact.45:52 - A powerful book recommendation and the joy of entrepreneurship.48:59 - A prediction for the next 12 months and podcast wrap-up.Rob McGregor, Managing Partner, Investments, Coromandel Capital - https://www.linkedin.com/in/robertmcgregor/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Michael Hacker, Managing Director, Partner, and Global Head of Portfolio Finance at Carlyle AlpInvest.Key topics covered:Carlyle AlpInvest's solutions for investorsHow the firm works with GPs to drive operational value in portfolio companiesRisk and evaluation of secondary and primary commitmentsManaging liquidity in an uncertain macroeconomic environmentThe key drivers behind the growth of portfolio financeThe evolution of co-investmentsThe most compelling opportunities in secondaries todayThe growing opportunity in structured solutionsAnd much more...Michael Hacker, Managing Director, Partner and Global Head of Portfolio Finance, Carlyle AlpInvest - https://www.linkedin.com/in/michaelhacker/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Michael Ewald, Partner, Global Head of the Private Credit Group, Bain Capital.Key topics covered:The Impact of Volatility on the competitive dynamics of private credit.Deal activity amid macro uncertainty.The most resilient sectors in today's environment.Assessing recession risk when underwriting new deals.Sponsored vs. non-sponsored deal dynamicThe growth of private credit globallyNewer entrants to private credit and the impact on deal termsStructural innovationsBalancing yield versus credit quality in today’s market?Increasing demand for evergreen or open-ended private credit structuresConsolidation in private credit Joint venture arrangements with banksAnd much more...Michael Ewald, Partner, Global Head of the Private Credit Group, Bain Capital - https://www.linkedin.com/in/michael-ewald-2617b98/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Natalie Garcia, MD, Deerpath.Key topics covered:Macroeconomic conditions & underwritingFinding the optimal balance between yield and protection.The impact of potential rate cuts.Loan demand & tighter credit conditions.The most resilient & most vulnerable sectors in the lower middle market.Why the lower middle market is so appealing.Key trends in covenant structuring.Delivering customized facilities tailored to sponsors and borrowers.Monitoring portfolio companies post-close to identify early warning signals.Preparing for recession scenarios & an uptick in M&A activityAI’s potential impact on lower middle market lending.And much more...Natalie Garcia, MD, Deerpath - https://www.linkedin.com/in/natalie-garcia-1a455011/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Neno Raic, Partner at NLC.Key topics covered:How does sub-line financing 2.0 differ from 1.0?The biggest drivers behind this evolution.The adoption and growth of term loans?The emergence of tranche B loans.The growing influence of securitisation and structured finance.Trends in GP behavior.Bank/non-bank cooperation and competition.NLC's NAV lending launch.Closing the LP education gap.NLC’s U.S. expansion and having boots on the groundAnd much more...Neno Raic, Managing Partner, NLC - https://www.linkedin.com/in/neno-raic-57a85a73/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Kunal Shah, VP, Capital Markets Execution at Upgrade.Key topics covered:How Upgrade is defined today.The evolution of funding partnerships.Upgrade's capital stack.Building resilience into the capital stack.Key questions from funding partners.Gaining access to insurance capital.The growth of private credit in ABF.What are the biggest questions asked by investors?The ease of credit access and consumer regulatory issues? And much more...Kunal Shah, VP, Capital Markets Execution at Upgrade - https://www.linkedin.com/in/kpshah94/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Ahmet Yetis, Senior Managing Director at Evercore.Key topics covered:The continued shift to private markets.The challenging distribution market for LPs and the challenging fundraising environment for GPs.The growth drivers in fund finance.Why insurance capital is flooding into the market.The LP education gap with fund finance productsNew and innovative structures coming to market.And much more...Ahmet Yetis, Senior Managing Director at Evercore - https://www.linkedin.com/in/ahmet-yetis-0b41611/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Matt Edgar, Founder & CEO of Edgar Matthews.Key topics covered:Valuations return to a more rational levelValuation 101: How is value determined for specialty finance companies / loan originators?The key drivers of premium valuationThe profitability question for fintech lendersMatt's entrepreneurial journeyHow does financing mix and capital structure impact platform valuation?What is considered the ideal funding mix?The composition of buyers today compared to 12 to 24 months ago.How M&A is being reshapedThe hottest and most interesting asset classes How regulatory risk is being priced in for consumer lenders.Will we see a return of the high-interest lender?How buyers can get burned on these deals.And much moreMatt Edgar, Founder & CEO, Edgar Matthews - https://www.linkedin.com/in/matt-edgar-53a01063/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Maxime Laurent-Bellue, Group Deputy Chief Executive Officer and Co-Head of Credit at Tikehau Capital.Key topics covered:Investor appetite and motivations for European alternativesThe risk/return trade-off in private credit versus traditional fixed income?The Evolution of the European Private Debt Market.Shifting borrower behaviors amidst tighter credit conditions.How Tikehau differentiates its European platform.Balancing opportunistic investing with thematic long-term strategies across private markets.Sustainable finance and how to measure tangible impact in private credit.Structuring and origination innovations.Alternative asset classes and regions poised for growth.And much more...Maxime Laurent-Bellue, Group Deputy Chief Executive Officer and Co-Head of Credit, Tikehau Capital - https://www.linkedin.com/in/maxime-laurent-bellue-2b818729/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Rakesh (Rick) Jain, Partner and the Global Head of Private Credit at Pantheon.Key topics covered:How the growth of Private Credit and Secondaries are linked today.The key drivers behind the growth and momentum in the private credit secondaries market.The changing motivations in secondaries. Innovations in structuring secondaries deals.The biggest misconceptions about secondaries.How are LPs viewing the various liquidity solutions available today?Volume and pricing trends within the credit secondaries strategiesPantheon and Rick's remit as Global Head of Private Credit.The public/private dynamic.The tradability/liquidity of private credit loans.Underappreciated market segments in private credit?Macroeconomic volatility.Alternative asset classes and regions poised for significant growth in the next decade.Rick's biggest surprise since joining Pantheon.Rick Jain, Partner and the Global Head of Private Credit, Pantheon - https://www.linkedin.com/in/rakesh-j-6b539/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Mike Consedine, Executive Vice President and Global Head of Government and Regulatory Affairs at Athene.Key topics covered:What is the NAIC?What role does the NAIC play for insurers?How the regulatory environment is changing.The healthy exchange of ideas between regulators and market participants.Mike's remit at Athene and the role Athene plays in the market today.The demand for insurance capitalThe opportunity for insurance capital to play a bigger role.Why a robust capital market can be the most significant strategic asset the U.S. can offer.The shifting dynamics between public and private markets.Mental health in the workplaceAnd much more...Mike Consedine, Executive Vice President and Global Head of Government and Regulatory Affairs at Athene - https://www.linkedin.com/in/michael-consedine-6616a510/Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit.We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price.Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show.Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Stuart Cheetham, Co-Founder & CEO, MQube.Key topics covered:AI's impact on the UK mortgage market.How MQube utilizes AI in its product.The AI overhype machine.The state of the UK mortgage market.The biggest pain points for borrowers, lenders, and funders.MQube business model as a lender and tech providerStuart's entrepreneurial journeySecuritization and blockchainAnd much more...Stuart Cheetham, Co-Founder & CEO, MQube - https://www.linkedin.com/in/stuartcheetham/?originalSubdomain=ukTodd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Thanks for returning to The Credit Clubhouse, your one-stop shop for all things credit. We have a special offer for our listeners. If you want to attend any of our conferences, we have a fantastic deal for you. Simply visit www.dealcatalyst.io, choose the event you want to attend and enter the promo code CREDIT when registering to receive a 10% discount on the ticket price. Please remember to follow the show, rate us, and leave a review. Your feedback is invaluable to us and helps us improve the show. Welcome back to our latest installment of The Credit Clubhouse, as always I am your host, Todd Anderson, Head of Content & Programming at DealCatalyst. Joining me today is Zia Uddin, President of Monroe Capital.Key topics covered:The impact of the recent volatility.Can direct lending handle a 50-100% growth over the next three years? The evolution and history of Monroe Capital.Monroe Capital's LP baseRetail investors vs institutional allocators.Private credit solutions for borrowers seeking long-term partners.Joint venture arrangements with banks.The future for the tradability/liquidity of private credit loans.The AI boom.Incorporating AI into platform management.And much more...Zia Uddin, President of Monroe Capital - https://www.linkedin.com/in/uddinz/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/