This is a special episode that we recorded live at Proskauer’s flagship Private Credit Summit, part of its private capital event series. More than 200 capital allocators, lenders and investors joined us for an afternoon of...more
10/30/2024
/ Asset Management ,
Capital Markets ,
Credit ,
Creditors ,
Direct Lending ,
Financial Services Industry ,
Interest Rates ,
Investment Management ,
Private Equity ,
Private Equity Firms ,
Private Lenders
In this episode, we are joined by David Golub, President of Golub Capital and one of the first movers in the private credit industry. Since its founding over 30 years ago, Golub Capital has made over $150 billion in loans and...more
This week on Private Market Talks, MidCap Financial’s Clare Bailhé joins us to talk about what it’s like to build, scale and manage a market-leading credit investment platform. In 2008 – a pivotal year for the financial...more
As private credit lenders move up market, Mike Ewald, partner at Bain Capital Credit, joins the Private Market Talks podcast to discuss how big the market might get, when – and if – the syndicated market comes back, and what...more
4/3/2023
/ Asset Management ,
Borrowers ,
Capital Markets ,
Credit ,
Creditors ,
Debt ,
Debtors ,
Direct Lending ,
Financial Services Industry ,
Interest Rates ,
Investment Banks ,
Investment Funds ,
Investment Management ,
Investment Opportunities ,
Investment Portfolios ,
Investors ,
Private Equity ,
Private Equity Firms ,
Private Lenders ,
Syndicated Loans
On Episode 3 of Private Market Talks, Carlyle’s Justin Plouffe, managing director and deputy chief investment officer for Global Credit, talks about opportunities for credit investors in the current environment and what he’s...more
In this installment of Private Market Talks, Brent Humphries, President and Founding Member of AB Private Credit Investors, speaks with us from his home in Austin, Texas. Over the course of the episode, Brent shares his...more
3/30/2023
/ Asset Management ,
Borrowers ,
Capital Markets ,
Credit ,
Creditors ,
Direct Lending ,
Financial Services Industry ,
Investment Management ,
Investment Opportunities ,
Investment Portfolios ,
Investors ,
Private Lenders ,
SaaS
In the first episode of Private Market Talks, host Peter Antoszyk sits down with Dan Pietrzak, co-head of Private Credit at KKR. Peter and Dan talk about their journeys in private credit, the importance of culture in building...more
3/30/2023
/ Asset Management ,
Borrowers ,
Capital Markets ,
Credit ,
Creditors ,
Debtors ,
Direct Lending ,
Financial Services Industry ,
Investment Management ,
Investment Opportunities ,
Investment Portfolios ,
Investors ,
Private Lenders
In an important decision to private credit lenders, the Fifth Circuit Court of Appeals held that a make-whole premium for an unsecured creditor tied to future interest payments is the “functional equivalent of unmatured...more
Creditors of distressed businesses are often frustrated by shareholder- controlled boards when directors pursue strategies that appear to be designed to benefit shareholders at the creditors' expense.
In these...more
9/30/2022
/ Appeals ,
Bankruptcy Code ,
Bankruptcy Court ,
Breach of Duty ,
Chapter 11 ,
Chapter 7 ,
Creditors ,
DE Supreme Court ,
Delaware ,
Fiduciary Duty ,
Limited Liability Company (LLC) ,
Shareholders
Creditors of distressed businesses are often frustrated by shareholder-controlled boards when directors pursue strategies that appear to be designed to benefit shareholders at the creditors’ expense. In these circumstances,...more
9/6/2022
/ Bankruptcy Code ,
Bankruptcy Court ,
Breach of Duty ,
Chapter 11 ,
Chapter 7 ,
Corporate Counsel ,
Creditors ,
DE Supreme Court ,
Fiduciary Duty ,
Insolvency ,
Limited Liability Company (LLC) ,
Shareholders ,
Solvents
This past year was marked by extraordinary deal activity. Record breaking M&A activity drove record breaking private credit activity. Private equity M&A activity was at a substantial high, with over 8,500 deals worth $2.1...more
2/8/2022
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Creditors ,
Debt Restructuring ,
Debtors ,
First-Lien ,
Insolvency ,
Lenders ,
Make-Whole Premium ,
Purdue Pharma ,
Reorganizations
Private credit lenders started 2020 both with anticipation and trepidation. Activity levels were strong and default levels were at historic lows, but private credit lenders worried about the risk of economic headwinds –...more
A recent, highly anticipated ruling by a Bankruptcy Court in Delaware has reilluminated the concept of a "golden share". While an appeal of the ruling seems likely, this latest ruling by Delaware Bankruptcy Judge Mary F....more
The trend of direct lenders providing preferred equity financing to support sponsors and operating companies has only accelerated in the two years since we first wrote on the topic. Preferred equity instruments in general...more
Increasingly, buyout sponsors are turning to third party preferred equity as a financing tool for their transactions. Structured to be treated as equity for debt rating agencies, bank regulatory regimes and in-place debt...more