Jay Huang, head of structured credit investments at CIFC Asset Management, joins Creditflux's Hugh Minch to discuss trends in the CLO market, including why delays in CLO data reporting are leading to misvaluations

In this episode of The Last Tranche, Creditflux's Hugh Minch and Sound Point Capital Management's Stephen Ketchum discuss the macro-picture for the US credit markets and who should be on the lookout for inflation

In this episode of The Last Tranche, Creditflux's Hugh Minch sits down with Flat Rock Global managing director Shiloh Bates. Topics include launching a new CLO fund, the advantage of middle market CLOs in a crisis, and how some risk retention fund investors' equity positions have underperformed. This edition of The Last Tranche is made in association with Flat Rock, who's Flat Rock Opportunity Fund was named Best CLO Fund at the Creditflux Manager Awards 2020.

Marking the long-awaited return of the Last Tranche podcast, Creditflux's Hugh Minch talks to Adrian Duffy, head of European corporate credit at Guggenheim Investments in Dublin. Topics include life under lockdown, tackling the challenges of managing CLO portfolios since the March sell-off, as well as the outlook for loan buying in a market that is "technically driven, not fundamentally driven". This edition of The Last Tranche is in association with Guggenheim, which was named Best European...

2019 was a bad year for Nordic M&A. For the first time since 2012 there were no deals above EUR 5bn, while both deal volume and value was down on 2018, according to Mergermarket data. Was it a blip in history or a continuation of an overall trend for the Nordic markets?    In this podcast, Debtwire’s Nordics reporter Carl-Johan Kullving sits down with Jan Olsson, CEO of Nordics at Deutsche Bank and the Chairman of the Swedish Chamber of Commerce in the UK, to discuss the outlook for...

In the second installment of our podcast into the changing landscape of mid market documentation, the team at law firm Mayer Brown dive deep into the intricacies of what direct lending documentation is evolving into. Mariana Valle, Debtwire Europe's co-deputy editor and head of primary coverage, asks Stuart Brinkworth, partner and European head of leveraged finance; Patrick Teboul, partner in the banking & finance and real estate practices in Paris; and Martin Heuber, a partner in the...

Documentation in the mid market space has assumed a rather large-cap feel, with EBITDA adjustment flexibility, looser covenant features and restricted payment baskets of all sorts now commonplace. But what exactly is filtering down from the syndicated space and what is unique to private lending? The team at law firm Mayer Brown joins Mariana Valle, Debtwire’s co-deputy editor for Europe and head of primary coverage, to answer those questions and many more. We also look at the regional...

After university Andrew Cleland-Bogle had intended to join the army and had his offer to Sandhurst sorted before his brother suggested he try an internship in the City. Fast forward a few years and a couple of restructuring advisory roles and he is Managing Director at EQT Credit. Joelle Jefferis sits down with Andrew to chat about his want for better incentives to keep the market focused on common sense in deals, and EQT Credit’s secret weapon in securing the GBP 110m refinancing of...

Thomas Kyriakoudis realised he needed to switch from his engineering role when he got tired of running experiments where he was compressing mud in a fridge. Fast forward to now and he is Chief Investment Officer at Permira Debt Managers. Debtwire Europe’s Joelle Jefferis spoke to Thomas about his move into direct lending, via venture capital and a period at Morgan Stanley. Touching on his favourite deal he has ever done and the frustrations of those deals that got away, Thomas talks about his...

Graeme Delaney-Smith, head of direct lending and mezzanine at Alcentra, moved to London in the 90s for what was supposed to be a six-month stint while working for RBS but has been working in The City ever since. From RBS he moved into the private debt space with ICG before joining Alcentra in 2004. In this debut episode of the series, Graeme talks to reporter Joelle Jefferis about his path into finance and how the mid market has changed over the years. He also looks at how the market is...