Alternative Universe Unlocking Opportunities in Private Credit with Jamie Shulman
Episode 007: Private credit offers a unique value proposition, presenting investors and borrowers with compelling opportunities. Operating outside the confines of the traditional banking system, private credit lenders possess greater flexibility and agility in crafting solutions tailored to the specific needs of businesses. This advantage allows for a more dynamic and adaptable approach to credit provision, offering mutually beneficial outcomes for borrowers and investors.
In this episode of Alternative Universe, Steve talks with Jamie Shulman, Co-Founder and Fund Manager at Meriwether Group Capital. With 27 years of experience in commercial banking, Jamie has dedicated his career to helping entrepreneurs and founders realize their dreams. Jamie's diverse experience in management, mentorship, and strategic business planning for growing companies makes him an invaluable and trusted advisor, going far beyond the boundaries of traditional lending. His successes have come from ensuring exceptional service to clients while providing employees an engaging and rewarding workplace, leading to top-tier results for shareholders.
Jamie talks with Steve about private credit and the opportunities it presents. He shares how Meriwether Group Capital provides capital to quality businesses that fall outside the box of traditional banks. Jamie also discusses the impact of the current economic climate on private credit and the opportunities it presents for lenders.
Join us as we discuss:
- [01:21] - Jamie's background and how he got into private lending.
- [04:18] - How Meriwether supports businesses.
- [09:58] - How low interest rates impact Meriwether's lending approach.
- [13:38] - Companies Meriwether likes to work with.
- [16:12] - Meriwether's lending history.
- [18:12] - Jamie's involvement with Meriwether's operations.
- [23:50] - Jamie's key takeaways.
Key Takeaways
- Meriwether Group Capital focuses on providing capital to quality businesses that don't fit with the traditional banking box.
- Meriwether Group Capital works closely with borrowers, provides ongoing support, and acts as a resource for their growth and success.
- Private credit lenders have an advantage in the current economic climate due to the conservative nature of large banks and the run-on deposits experienced by smaller banks.
Quotes
"I'm always happy to be a resource. If you have a potential borrower and are unsure what to do with or where to send them, start with me." ~ Jamie Shulman
"Even if you don't think I can do the loan, I'm happy to invest 30 minutes. If I can't do it, I probably know someone who can. If that helps you as the advisor solidify your relationship, well then, it's win-win." ~ Jamie Shulman
"Private credit is in a good space. It's not without risk, but the return is worth it on an adjusted risk basis." ~ Jamie Shulman
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All content on this podcast is for informational purposes of a general nature only, and does not address any particular individual or investment. Nothing in this podcast constitutes accounting, legal, tax, financial or other professional advice. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the podcast participants may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. Please seek independent advice from a financial professional about your investment needs.