Brian Himot discusses private credit trends, focus on high-yield deals & creative financing. Explores MES strategies, default rates, and Schuller's transition in the private credit market.
SVP Private Credit team focuses on higher yielding deals for companies without traditional financing access.
Strategic Value Partners emphasizes flexibility in financial structures to meet companies' unique needs.
Deep dives
Strategic Expansion of Structured Capital Team at SVP
Strategic Value Partners (SVP) made the decision to broaden its scope by expanding its structured capital team, spearheaded by Brian Himatt. Since taking the helm, Brian has successfully grown the private credit team by adding nine members split between the US and Europe. The team's focus is on higher yielding private credit deals, targeting companies that lack access to traditional forms of financing.
Deal Sourcing and Market Positioning
SVP's deal sourcing strategy involves concentrating on opportunities where their capital can provide relevant solutions. They actively participate in situations where they already have an existing position in a capital structure or are existing lenders to a company, allowing them to swiftly provide innovative solutions when needed. Brian highlighted the importance of flexibility and tailoring financial structures to meet the unique needs of each company.
Outlook on Private Credit Market and Capital Solutions in Current Macro Environment
Despite uncertainties in interest rates and inflation, the current macro environment presents opportunities for SVP's creative financing solutions. Higher rates make their capital more attractive and relevant in a market facing upcoming maturities. SVP's focus on pick flexibility becomes advantageous as it addresses the challenges of regular-way refinancings. Brian expressed excitement about the potential opportunities that lie ahead in the private credit market.
The podcast’s guest, Brian Himot, will also discuss the latest trends in private credit and opportunistic lending and several deals that SVP closed recently.
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