Advertise on podcast: The Credit Clubhouse

Sign up for the Credit Crunch Blog - https://www.creditcrunch.blog/ 00:00 - Welcome to the Clubhouse: Private Credit's Current State 02:58 - Why Big Funds Still Rule Private Credit Fundraising 06:56 - KSL's Niche: Capitalizing on the K-Shaped Economy 15:08 - From Evergreen Funds to 401Ks: Expanding Private Market Access 21:35 - Why Investors are Shifting from Private Equity to Credit 26:43 - Howard Marks' Warning: Is AI Creating a New Bubble? 31:05 - Market Bifurcation: Consolidation and the Future of Credit Nick Smith, Portfolio Manager, Claret Capital Partners https://www.linkedin.com/in/nick-smith01/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - Kicking Off the New Year with Michael Nowakowski of Conning 01:21 - Assessing the Current State of Structured Credit Markets Today 03:38 - Uncovering Potential Red Flags in Today's Structured Credit Market 05:44 - How Private Debt is Reshaping Structured Credit Deal Terms 08:43 - Michael Nowakowski Details Conning's Structured Credit Focus 10:15 - The Rise of New Issuers in Digital Infrastructure Securitization 11:52 - Exploring the Blending of Public and Private Capital in Deals 14:01 - Why Esoteric Asset Classes Offer Appealing Opportunities Today 17:25 - Navigating the Risks and Caution in Data Center Investments 22:54 - Discovering Value in Other Structured Credit Asset Classes 25:22How Clients React to Major Market News and Policy Changes 27:35 - Michael's Hobbies, Book Picks, and a Bold Market Prediction 31:24 - Don't Miss Out: Exclusive Conference Offer for Listeners Michael Nowakowski, Head of Structured Products, Conning - https://www.linkedin.com/in/michael-nowakowski09/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

If you have not yet taken the DealCatalyst Fund Finance Survey, please do so here. We welcome your input. 00:00 - Navigating Private Credit: Inside the Spread Volume 2 02:55 - EQT Acquisition and Global Rebalancing Fuel Secondaries Growth 09:59 - Blue-Chip Firms Dominate Private Credit Fundraising Landscape 13:41 - The Rise of Evergreen and Interval Funds in Private Credit 19:07 - Stay Tuned for New Guests and Podcast Segments 19:54 - Direct Lending Market Poised for Trillions in Growth 23:40 - Regulatory Easing and Bank Competition in Private Credit 28:18 - The Existential Challenge of Fintech Profitability and Scale 31:56 - Thank You and Final Podcast Announcements Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - The Credit Clubhouse Welcomes You and Launches "Inside the Spread" 03:44 - A Troubled History: The Host's Buffalo Bills Playoff Agony 06:21 - Examining Global Regulatory Scrutiny on the Private Credit Market 13:21 - Strong Fundraising and the Rise of Evergreen Private Credit Funds 18:39 - Exploring Private Credit Growth in Asia, Middle East, and Secondaries 22:21 - Don't Miss Out: Final Conference Reminders and Go Bills! Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - New Year Greetings and The Credit Clubhouse Growth 02:33 - Analyzing 2025's Up and Down Private Credit Markets 05:09 - How Banks Partner with Private Credit, Not Compete 09:14 - The AI Boom and Big Tech's Growing Debt Ratios 15:36 - Prioritizing Risk Management and Selective Deal Making in 2026 17:37 - Why BDCs Face Headwinds and Investor Expectation Resets 20:22 - The Growing Appeal of Asset-Based Finance Opportunities 24:13 - Host's Closing Thoughts and Exclusive Listener Offer Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - Clarifying GP Finance and its Role in Fund Management03:17 - Exploring Motivations and Capital Alternatives for GP Financing07:42 - How Crescent Capital Navigates Compelling Market Dynamics13:10 - Identifying the Ideal Target Sponsor for Crescent Capital16:05 - Understanding GP Financing Collateral and Bilateral Deal Structures19:43 - Expanding GP Finance to Other Funds and Crescent's Unique Advantage23:09 - Exploring Innovative Structures and the Evolving GP Finance Market25:17 - Anticipating the Future Evolution and Potential Impediments in GP Finance29:35 - Getting to Know Greg Hardiman with Rapid Fire Fun Questions32:03 - Don't Miss Out: Episode Wrap-up and Exclusive Listener Offer Greg Hardiman, GP-LP Solutions, Crescent Capital - https://www.linkedin.com/in/gregory-hardiman/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Apollo's Private Credit: Fact vs. Fiction Pension Slams Private Market Ratings After €1 Billion Loss 00:00 - Analyzing Apollo's Defense and Pension Fund Losses in Private Credit 06:22 - Counting Down the Best Holiday Films, From Classics to Modern Favorites 11:12 - Examining the NFL's Massive Ratings and Financial Impact on Sports 14:25 - The Playoff's Impact, Ratings Success, and Private Equity in College Sports 19:33 - Forecasting College Football Champions and Thanking Our Valued Listeners Top 10 Christmas Movies National Lampoon's Christmas Vacation (1989)Home Alone (1990)Elf (2003)The Holiday (2006)A Christmas Story (1983)It's a Wonderful Life (1946)Love Actually (2003)How the Grinch Stole Christmas (1966/2000)A Charlie Brown Christmas (1965)The Polar Express (2004)Honorable Mention Rudolph the Red-Nosed Reindeer (1964)Frosty the Snowman (1969)Four Christmases (2008) Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

Download the Inaugural ABF Capital Flows Survey Report from DealCatalyst Intelligence. 00:00 - Welcome to the Clubhouse: Unpacking the ABF Capital Flows Survey 02:53 - Why Capital Flows to Larger ABF Asset Managers 05:42 - The Challenge of Direct LP Engagement for Borrowers 09:23 - Bridging the Gap: Banks, Borrowers, and Capital Mismatches 16:01 - Navigating Broad Asset Appetite and Market Discipline in ABF 22:08 - Exploring New Frontiers, LP Sophistication, and the Future of ABF Ganesh Rajendra, Managing Partner, Integer Advisors - https://www.linkedin.com/in/ganesh-rajendra/ Rory Mepham, CEO, The Sancus Group - https://www.linkedin.com/in/rory-mepham-7ba52913/ Julian Schickel, Founding Partner, Avellinia Capital - https://www.linkedin.com/in/jschickel/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - Welcome to the Clubhouse and Exclusive Conference Offer03:33 - Credit Fund Capital, Securitization, and LP Support in ABF07:21 - Upcoming DealCatalyst Events and ABF Survey Insights09:40 - Adding Sports Content and Community Engagement to the Show11:45 - Examining Mark Rowan's Four Myths About Private Credit18:09 - Stress Tests, Investor Confidence, and Market Momentum21:40 - Looking Ahead to 2026 and Final Conference Offer Private-Credit Fears Are Based on Four Myths - https://www.bloomberg.com/opinion/articles/2025-12-03/private-credit-is-safe-and-makes-the-financial-system-stronger Mubadala Backs Private Credit Bets After Plowing in $20 Billion - https://www.bloomberg.com/news/articles/2025-12-04/mubadala-backs-private-credit-bets-after-plowing-in-20-billion Bank of England launches stress test of private equity and credit - https://www.reuters.com/sustainability/boards-policy-regulation/bank-england-launches-stress-test-private-equity-private-credit-industries-2025-12-04/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - Exploring the Booming Private Credit Market in Ireland 02:35 - Ireland's Shifting Landscape: Public Struggles, Private Boom 05:01 - Quintus Capital's Mid-Market Niche and Growth Strategy 09:46 - Navigating Deal Sourcing and PE Sponsors in Ireland 13:49 - International Expansion and Ireland's Macroeconomic Stability 18:46 - Assessing Risk, Identifying Growth Sectors, and ESG Trends 24:48 - AI's Impact, LP Misconceptions, and Irish Wealth Retention 30:39 - Ireland's Data Center Boom and Kevin Canning's Personal Side Kevin Canning, CEO, Quintas Capital - https://www.linkedin.com/in/kevincanning1/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - Exploring the Blurring Lines of Public and Private Markets 03:30 - Brad Foster's Role and the Language of Private Markets 06:48 - Understanding the Growth and Appeal of Private Direct Lending 09:27 - What Borrowers Value in Private Capital and the Investment Grade Shift 12:09 - LP Capital Allocation and Bloomberg's Technology in Private Markets 16:03 - Balancing Market Transparency, Confidentiality, and Retail Investor Access 20:55 - Addressing Market Fragmentation and the Future of Secondary Markets 25:51 - Personal Insights, Future Predictions, and Episode Conclusion Brad Foster, Head of Fixed Income & Private Markets, Bloomberg - https://www.linkedin.com/in/brad-foster-437799ba/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

This episode is brought to you in partnership with Setpoint, the operating system for capital markets. 01:15 - First Brands and Tricolor failures and what they reveal about the ABF market today 05:08 - Setpoint overview and solving the analog backend 07:03 - What is double pledging, and what happened with First Brands and Tricolor 08:57 - Information accessibility between public and private markets 12:15 - Launching Setpoint Pledge Check 14:48 - The importance of having an independent third party for verification of assets 17:22 - Can double pledging be eliminated? 20:28 - Solving the complex workflows in ABF and moving on from Excel 22:03 - How a private credit ecosystem can become healthy and transparent in the next five years 24:01 - Stuart's entrepreneurship journey and the joy in building new products 26:53 - Fun rapid fire questions and wrap up Stuart Wall, CEO & Co-Founder, Setpoint - https://www.linkedin.com/in/stuartwall/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

00:00 - The Rapid Growth of Fund Finance as a Permanent Asset Class 02:34 - From Niche Product to Permanent Asset Class: A Decade of Change 04:58 - Founding Hark Capital: Solving Post-GFC Equity Problems in the Lower Middle Market 08:06 - Navigating 'Bad Press': How NAV Lending Gained LP Acceptance and Clarity 12:15 - Excitement and Concerns: The Future Landscape of Fund Finance 16:33 - Exploring Underdeveloped Niches and Creative Structural Innovations in Fund Finance 22:45 - The Leap of Faith: Lessons Learned from an Entrepreneurial Journey 26:28 - From AI Poetry to Market Forecasts: Doug's Personal Reflections and 2024 Prediction Doug Cruikshank, Managing Partner & Founder, Hark Capital - https://www.linkedin.com/in/doug-cruikshank-hark/ Todd Anderson, Head of Content & Programming, DealCatalyst - https://www.linkedin.com/in/toddanderson19/

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/