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/

00:00 - Navigating Macro Uncertainty in Fixed Income Investing

04:51 - Blurring Lines Between Public and Private Markets

10:41 - PGIM's Strategy for Differentiated Securitized Investing

16:27 - Evolving Investor Appetite and European Market Expansion

23:14 - Structural Shifts Driving Asset-Backed Finance Demand

27:49 - Evolving Ways Clients Consume Securitized Assets

32:09 - Should Retail Investors Access Private Credit Assets?

35:42 - Capital Concentration and Future Outperforming Sectors

41:25 - Personal Insights and Career Motivations with Edwin

45:04 - Edwin's Market Outlook and Episode Wrap-up

Edwin Wilches, CFA, Managing Director and Co-Head of Securitized Products, PGIM - https://www.linkedin.com/in/edwinwilches/

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

00:00: Welcome, Guest, and Defining Asset-Backed Finance

04:13: How Credit Markets Evolved After the Financial Crisis

11:09: Inside 400 Capital Management's Specialized Credit Strategy

16:01: Driving Factors for Institutional Interest in Credit Markets

21:18: Achieving Identifiable Alpha Through Problem-Solving in Credit

24:48: Analyzing Distressed Situations and Market Corrections in Credit

31:47: Navigating Opportunities and Risks in Commercial Real Estate

40:06: Key Trends Shaping Structured Credit Investing's Future

43:43: Chris Hentemann's Hobbies, Books, and Client Connections

Chris Hentemann, Managing Partner & Chief Investment Officer, 400 Capital Management - https://www.linkedin.com/in/chris-hentemann/

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

00:00 - Discovering Dubai's Emergence as a Global Capital Hub

03:30 - How the Middle East is Rebalancing Global Capital Flows

06:31 - Rapid Rise of Sophisticated Middle East Investors

12:35 - The DIFC's Role in Shaping Regulatory Frameworks

17:02 - Anticipating Future Market Evolution and Final Reflections

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

00:00 - Exploring Fund Finance's meteoric growth since 2007

03:13 - Unpacking Fund Finance growth drivers and media's misplaced focus

06:01 - Inside Fund Finance Partners and the NAV Lending Index's impact

10:47 - Bridging knowledge gaps for sponsors in fund finance

13:57 - The exciting evolution of Fund Finance and lending dynamics

18:34 - Navigating risk and structural innovation in Fund Finance

22:45 - Identifying underserved Fund Finance markets and policy gaps

26:54 - Richard Wheelahan's founder journey and personal reflections

33:51 - Thank you and Exclusive DealCatalyst Conference Offer

Richard Wheelahan, Managing Director and Co-Founder, Fund Finance Partners - https://www.linkedin.com/in/rwheelahan/

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

01:25 - Analyzing the Ryder Cup: US Team's early deficit

05:02 - Data Centers and AI: the hottest trend in asset-based finance

09:18 - Structuring deals for insurance capital: opportunities and risks

13:35 - The power of private transactions: flexibility and control in deals

16:56 - Exploring new frontiers: fintech, art, HEI, and ABF market growth

25:08 - From Mets misery to NFL hopes: sports roundup

29:14 - Private Credit and Equity: sports as the next major asset class

32:03 - Get involved: share ideas and join DealCatalyst conferences

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

• 00:00 - Exclusive DealCatalyst offer and guest introduction

• 01:18 - From Wall Street analyst to TCG Founder

• 06:30 - Real estate, opportunistic, and private credit under one roof

• 10:59 - TCG's unique investor-friendly capital structure and approach

• 13:41 - Navigating the private credit bubble for underserved markets

• 19:22 - Current credit cycle and real estate market stress

• 25:34 - Southern states growth and future office lending opportunities

• 30:15 - Building relationships and exploring unconventional asset classes

• 34:35 - Len's coaching role and TCG's family enterprise culture

• 36:57 - Hobbies, book recommendations, and a bold market prediction

• 42:10 - Thank you and final DealCatalyst Conference offer

Len 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 investors
• How the firm works with GPs to drive operational value in portfolio companies
• Risk and evaluation of secondary and primary commitments
• Managing liquidity in an uncertain macroeconomic environment
• The key drivers behind the growth of portfolio finance
• The evolution of co-investments
• The most compelling opportunities in secondaries today
• The growing opportunity in structured solutions

• And 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 dynamic
• The growth of private credit globally
• Newer entrants to private credit and the impact on deal terms
• Structural innovations
• Balancing yield versus credit quality in today’s market?
• Increasing demand for evergreen or open-ended private credit structures
• Consolidation in private credit
• Joint venture arrangements with banks
• And 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 & underwriting

• Finding 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 activity

• AI’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 ground
• And 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 products
• New 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 level
• Valuation 101: How is value determined for specialty finance companies / loan originators?
• The key drivers of premium valuation
• The profitability question for fintech lenders
• Matt's entrepreneurial journey
• How 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 reshaped
• The 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 more

Matt 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 alternatives
• The 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 strategies
• Pantheon 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 capital
• The 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 workplace
• And 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 provider
• Stuart's entrepreneurial journey
• Securitization and blockchain
• And much more...

Stuart Cheetham, Co-Founder & CEO, MQube - https://www.linkedin.com/in/stuartcheetham/?originalSubdomain=uk

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 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 base
• Retail 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/