ION Analytics

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Kanal • 8 Sendungen

Wirtschaft

Wirtschaft

Wöchentlich
Geldanlage

Geldanlage

Wöchentlich
Wirtschaftsnachrichten

Wirtschaftsnachrichten

Monatlich
Geldanlage

Geldanlage

Monatlich
Geldanlage

Geldanlage

Zweimonatlich
Geldanlage

Geldanlage

Monatlich
Wirtschaft

Wirtschaft

Monatlich

6. FEB.

The rise of the secondaries market – Moelis & Company’s Jeff Hammer and Paul Sanabria with Tom Cane

“For the last three years, did you know -- that the secondary market’s been larger than the IPO market in terms of transaction volume?” that’s what Moelis & Company Managing Director Paul Sanabria said to showcase the immensely increased popularity of secondaries over the last couple of decades. The secondaries market of the 1970s looked quite different than it does today, originating then as an opportunistic solution for LP liquidity, with some of its early pioneers including VCFA, Landmark and Coller. In this week’s Dealcast, Tom Cane, Mergermarket’s funds editor is joined by Jeff Hammer and Paul Sanabria, Managing Directors at Moelis & Company’s private capital advisory group, where they help lead the firm’s global secondaries practice. They discuss how a niche, opportunistic corner of private markets has transformed into a sophisticated, multi‑strategy global capital market exceeding USD 220bn in annual volumes. The discussion charts the secondaries market journey from early LP‑driven trades, through the GP‑led restructurings of the 2010s, to today’s GP‑led “2.0” landscape defined by trophy assets, direct‑sponsor strategies, and a surge of new capital sources. The podcast also explores which direct sponsors are launching secondaries strategies like New Mountain and Warburg Pincus, as well as the traditional asset managers, like Blackstone, that are joining in. With answers to questions like: how does one define trophy assets? Are GP‑leds becoming standard exit paths alongside M&A and IPO? What could the next decade look like for secondaries? This episode is not one to miss.

6. Feb.

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35 Min.
31.01.2024

The Last Tranche with Octagon's Lam: CLO equity makes sense again

In this episode of The Last Tranche Gretchen Lam, CEO of Octagon Credit Investors, discusses whether investing in third-party CLO equity makes sense again.

31.01.2024

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19 Min.
09.05.2024

The Last Tranche with YMER's Warzynski: we like primary equity again

In this episode of the Last Tranche, Hubert Warzynski, Partner and Co-founder of Scandinavian CLO investor YMER talks about why like primary European equity again, but only for a handful of managers.

09.05.2024

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16 Min.
07.02.2024

DPI dominates the 2024 agenda

Mergermarket's funds editor Harriet Matthews and senior private equity reporter Rachel Lewis discuss what the key themes that emerged from January’s IPEM conference in Cannes mean for the 2024 outlook for the European private equity industry, touching on topics including debt, exits, fundraising, and the secondaries market. With interest rates expected to stabilise this year, private equity is adjusting to paying more for leveraged buyout financing and is approaching 2024 with a cautious optimism. However, the industry is not out of the woods yet when it comes to the eternal question of returning capital to LPs via DPI (distribution to paid-in capital) in a tough exits environment. Creative routes continue to be on the agenda, be it recaps, minority stake sales or GP-led secondaries. Fundraising challenges also remain, with LP capital still scarce – but with deployment and the overall pace of fundraising expected to continue to return to a more even keel, the outlook for 2024, as well a the longer term outlook for pools of capital available to private equity funds, could be a little brighter. 0:31 – Introduction 1:13 – The macro picture 3:04 – A bad time to make exits? 5:02 – Debt dynamics and recaps 5:59 – Secondaries market growth 8:40 – Private equity’s creativity 9:45 – Fundraising challenges 12:29 – Adjusting returns expectations 14:09 – The pace of deployment If you would like to hear more podcasts produced by ION Analytics, you can access the ION Analytics channel on Apple Podcasts. Theme music: ©2012 Kick Up The Fire

07.02.2024

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17 Min.
11.02.2025

The impact of the NPL directive in Germany with W&C’s Dennis Heuer

Dennis Heuer, partner at White & Case, joins Debtwire’s Johannes Koch to explore the impact of the Secondary Credit Markets Act (Kreditzweitmarktgesetz) on the market for non-performing loans. The act, or NPL-directive for short, was introduced just over a year ago in Germany to help foster a deeper and more liquid secondary market for non-performing loans. Now that the dust has settled on its introduction, Heuer reviews the basic tenants of the law, how it has impacted market participants and ultimately, gives us a view on whether it has delivered, or has yet to deliver, on its promise. Heuer is a partner at White & Case and an expert in structured finance and securitisation within the law firm’s EMEA Structured Finance Group. He represents clients, among them banks, insurance companies, debt collectors and multinational corporates on a wide range of cross-border transactional and advisory matters.

11.02.2025

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16 Min.
03.07.2024

Mergermarket's 1H24 M&A Report: Key Global Trends and Insights

Dealcast: The M&A Podcast

03.07.2024

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14 Min.
05.05.2025

Scott Greenberg on the state of LMEs, group formation and cross border co-ops

In this episode of Debtwired, Scott Greenberg, global chair of Gibson Dunn’s restructuring practice and a member of the firm's executive committee, joins Debtwire co-managing editor, Madalina Iacob, to discuss how the shifting market dynamics are influencing deal activity, liability management exercises (LMEs), and the restructuring outlook for the year. Scott talks about multi-tier LME trends, carve-out premiums, group formation strategies, and the impact of cooperation agreements on deal outcomes. He also takes a deep dive into cross-border LMEs and the cultural differences impacting investment decisions.

05.05.2025

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36 Min.
29.07.2025

Brigade Capital's Pavlin Kumchev on Solving Life

We'd touch on topics like cheap options, tail risks, base case scenarios – but instead of credit strategies, we’re going to hear about how these can be applied to our lives. Pavlin has recently published a book called “Solving Life: Mastering Decision Making with Investment Wisdom”, which reached #1 in the New Releases and #5 in Investment Books overall categories in the UK in its first month on Amazon.

29.07.2025

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11 Min.
22.06.2021

How ESG factors are driving deal activity in Europe

We’ve made it easier to go from selling to sold. Our easy-to-use M&A Checklist drawn from more than 20 years of VDR experience ensures you have everything you need to get the deal done. Never missing a step means deals go full speed ahead. For a limited time, get your M&A Checklist covering key areas, including: Finance Labor relationsIntellectual propertyRegulatory and legal mattersPlus 8 more critical categoriesVisit: intralinks.com

22.06.2021

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12 Min.
20.12.2025

Unpacking First Brands, rise of coercive restructurings – Eagle Point founder Tom Majewski

While credit is “probably a four-letter word right now,” it is doing reasonably well, says Tom Majewski, founder and managing partner at Eagle Point Credit Management. “But headlines around the space will continue, and perhaps that unto itself creates some credit challenges,” he adds on the latest episode of Credit Exchange with Lisa Lee. Majewski unpacks the First Brands collapse and fraud in general, noting there’s been a significant decline of occurrences of fraud in the US economy since the Sarbanes-Oxley Act of 2002. He also discusses liability management exercises (LMEs), or coercive restructurings, sharing Eagle Point’s upcoming research that shows there’s been over 100 LMEs in the last five years. “If there’s a little over 1,000 loans, that’s about a 2% LME rate per year, separate from defaults.”

20.12.2025

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32 Min.

This channel contains a series of podcasts produced by ION Analytics. Here you will find editors and journalists from Mergermarket, Debtwire, and Infralogic discussing the topics and trends shaping the capital markets.