The LFI Levered Lines Podcast

In this week's episode, David Graubard speaks with Stephanie Walsh from Bain Capital to explore the current dynamics of the CLO markets. They discuss how aggressive loan repricing and tariffs are affecting market volatility and investor strategies. Stephanie offers valuable insights into Bain's strategic use of captive equity vehicles and the importance of maintaining solid margins amidst tariff impacts. The episode also covers expectations for 2025, including potential rate cuts, and examines how international investors and rating agencies are adjusting to the evolving economic landscape. This conversation is filled with practical knowledge for anyone interested in understanding the future of CLO markets.

Join Aaron Kless, CEO and CIO of Andalusian Credit Partners, as he dives into the world of non-sponsored lending. He discusses how non-sponsored lending differs from its sponsor-backed counterpart, focusing on founder-owned businesses and their long-term goals. Explore the unique challenges of intergenerational ownership transitions in family-run firms and discover effective strategies for sourcing non-sponsored transactions. Kless sheds light on the complexities of executing these deals and why they deserve a place in investors' portfolios.

In this episode of LFI's Levered Lines podcast, host Steve Miller sits down with John Cokinos, RBC's Global Head of Leverage Finance and Capital Markets. They dive into RBC's strategic growth plans and the changing world of leveraged finance. Offering valuable insights, they discuss the role of private credit and examine current market trends influencing the industry. Beyond finance, the conversation shines a light on John's inspiring philanthropic work with the Fiverr's Children's Foundation, supporting at-risk youth in New York. Don't miss this engaging episode filled with expert insights and compelling stories.

In this episode of the LevFin Insights Levered Lines podcast, Andrew Hedlund chats with Victoria Chant, Senior Managing Director and Global Head of Capital Formation at Blackstone Credit and Insurance. Their discussion focuses on her role in capital formation and accessing debt capital markets. Key topics include trends in M&A activity, the effects of a strong economy and robust markets, and how BDCs think about their own debt financings. They also explore the interaction between syndicated and private credit markets, the impact of capital costs, and the growth of BDCs. Victoria highlights the advantages of private credit, using Blackstone’s $2 billion loan to Dropbox as an example, and discusses its competitive edge in speed and certainty for companies seeking capital.

Steve Miller chats with Edwin Wilches, Co-Head of PGIM's Securitized Product Team, who brings years of expertise in structured finance managing $130 billion in assets. They dive into the dynamic CLO market, discussing the rise of private credit CLOs and the impact of ETFs. Edwin shares insights on shifting investment strategies, highlighting the importance of simplicity amid innovation. The conversation covers refinancing trends and the implications for investor opportunities and risks, painting a vivid picture of the evolving financial landscape.

In the latest episode of 'LFI's Levered Lines' Podcast, host Luke Millar, Global Editor-in-Chief at LevFin Insights, welcomes Stephanie Kauffman, President and COO of the Melanoma Research Alliance, and Ian Devine, Head of Loan Trading in Europe at RBC. Following the huge success of New York events and ahead of the inaugural Leveraged Finance Fights Melanoma event in London, together, they delve into the founding and mission of the Melanoma Research Alliance, dedicated to increasing funding and advancing melanoma research globally. Ian shares his personal journey with skin cancer, emphasizing the necessity of regular skin checks and awareness, highlighting the crucial role of early detection in effectively combating melanoma. Meanwhile, Stephanie highlights the upcoming Leverage Finance Fights Melanoma event in London, aimed at raising funds and awareness by uniting the finance community for a meaningful cause.

In this engaging conversation, Nick Baldwin, Managing Director at Lincoln International, shares his expertise on private credit and illiquid investments. He explains how recent market dynamics have influenced pricing, with competitive lending driving down price increases. The discussion highlights the impressive performance of private companies despite rising interest rates, and Baldwin reveals the proactive strategies lenders use, like amendments and equity infusions, to ensure liquidity and health in their portfolios.

In the latest episode of the LevFin Insights Levered Lines Podcast, Steve Miller welcomes Peter Gleysteen, Founder, CEO, and CIO of AGL Credit Management. They discuss key topics such as the differences between syndicated and private credit loans, AGL’s exclusive collaboration with Barclays, and the future outlook for leveraged finance and M&A activity. Peter also shares insights into the current health of the leveraged loan market. Tune in for an engaging discussion on the evolving landscape of leveraged finance.

Jeff Cohen, Head of Leverage Finance and Private Credit at Santander and former Credit Suisse executive, shares his insights on building a capital markets business in just 12 months. He dives into the evolution of the leveraged finance market, detailing regulatory challenges and the rise of direct lending. Jeff discusses system integrations and the importance of top talent to drive success. Additionally, he shares predictions for the private equity M&A landscape and explores the complexities of the BSL and private credit markets amid shifting interest rates.

Tune in to the latest LFI Levered Lines episode as host Sandrine Bradley welcomes Joe Swanson, co-head of Houlihan Lokey’s EMEA Restructuring Group as well as Co-Head of Asia, for an in-depth analysis of the European LME market in the current distressed cycle. Gain insights into how LMEs have evolved into their current form based on current market drivers and when are they appropriate versus a full-on debt restructuring. And, is creditor fight back, via co-ops agreements really a new thing?