ION Analytics

•

Канал • Подкастов: 8

Инвестиции

Инвестиции

Еженедельно
Инвестиции

Инвестиции

Ежемесячно
Деловые новости

Деловые новости

Ежемесячно
Бизнес

Бизнес

Ежемесячно
Бизнес

Бизнес

Еженедельно
Бизнес

Бизнес

Еженедельно
Инвестиции

Инвестиции

Ежемесячно

-5 дн.

Oak Hill Advisors’ CIO says Treasury needs to bring a “bazooka” to make an impact

“The market clearly is saying that he (US Treasury Secretary Scott Bessent) didn’t threaten a bazooka, he didn’t bring a bazooka, and he hasn’t shown a bazooka,” says Alan Schrager, chief investment officer at Oak Hill Advisors, on the latest episode of Credit Exchange with Lisa Lee. The US Treasury Department has the capabilities to make an impact on rising sovereign bond yields, but the world hasn’t seen a major or real commitment to buy the long end, Schrager says: “In the absence of a bazooka, it’s very hard to make too much of an impact.” Schrager, who in his role as CIO helps oversee OHA’s $100bn+ of AUM, also discusses inflation, the health of corporations, the crowding out of capital by artificial intelligence investments, and private credit. While corporations are performing well and there’s no default cycle in near sight, there are idiosyncratic issues. The upshot is that private credit managers are going to end up owning more companies “than we would have traditionally done”, Schrager predicts, and they have to be prepared for that.
2 сент.

Brightline: running out of track

In this episode of Debtwired!, Paul Greaves speaks with Stephen J. Lubben, professor at Seton Hall University School of Law and author of To Protect Their Interests: The Invention and Exploitation of Corporate Bankruptcy, about the increasingly complex restructuring situation facing Brightline Florida and what it could mean for creditors, investors, and the future of privately financed passenger rail.
28 авг.

Ares co-head of US direct lending says the economy is in a good place to weather inflation

“Here we are again,” reckons Kort Schnabel, co-head of US direct lending at Ares Management, on the surprising return of inflation. Still, the economy is in a good place to be able to manage through these inflationary pressures we’re seeing, Schnabel explains to Lisa Lee on the latest episode of Credit Exchange. On artificial intelligence and disruption of software companies, Schnabel says we are “not out of the woods”. He adds, however, that there is some good news, in that “it’s not getting disrupted overnight.” Ares – an alternative asset manager with around $680 billion in AUM, and a private credit powerhouse – is open to lending to software firms, but the bar has risen higher, and he explains the factors. Schnabel is now seeing, for the first time in many years, real dispersion in performance among different managers. “I think you’re seeing the maturation of these portfolios, and you’re seeing the maturation of the portfolios that were ramped pretty quickly because there was a lot of money.” And big players that perhaps ramped a bit too quickly and were able to invest with that same pace, may not get bigger: “They might suffer.”
7 авг.

State of play for data center finance with Kirkland & Ellis's Kim McGrath

Kirkland & Ellis partner Kim McGrath joins the Crossroads podcast to discuss the rapidly evolving environment for data center finance, from ever-higher project dollar values and financing mechanisms, to an increasingly active market for stabilized assets.
7 июл.

Moelis restructuring co-heads discuss the evolution of distress, LMEs and Chapter 11 filings

In this episode of Debtwired!, Madalina Iacob speaks with Zul Jamal and Barak Klein, co-heads of U.S. Capital Structure Advisory at Moelis, about how restructuring has evolved over their 25-plus years in investment banking. They discuss the shift from lighter, less-secured capital structures to today’s heavily secured debt stacks, alongside the rising cost of Chapter 11, and how those developments have reshaped restructuring strategies and have made liability management exercises increasingly important. They underscore the importance of engaging early, often two to three years before a maturity wall or liquidity event, to preserve flexibility and improve outcomes. The conversation also covers the changing creditor base and current disruption in the software sector. Jamal and Klein share lessons from notable deals, including Carvana, while highlighting the role of culture, trust and flexibility in successful restructurings. They also address common mistakes, negotiation strategy, and advice for junior bankers entering the field.
14 июл.

Advancing the ball for lenders with a new LME game plan with Greg Cass and Michael Chaisanguanthum

In this episode of Debtwired!, managing editor Madalina Iacob sits down with Michael B. Chaisanguanthum, Managing Director at UBS Asset Management and Head of Restructuring for the Credit Investments Group, and Gregory Cass, Principal at PGIM, to discuss the rapidly shifting landscape for credit investors. The conversation examines how aggressive sponsor tactics and the rise of liability management exercises have changed the creditor playbook, pushing lenders toward earlier engagement, tighter coordination and more creative restructuring solutions. Greg and Michael discuss the limits of LMEs, which can extend runway and preserve optionality but often delay, rather than solve, overleveraged capital structures. They also explore the growing use of cooperation agreements and pro rata frameworks to curb creditor-on-creditor violence and counter deal-away tactics. The episode highlights how lenders are increasingly acting collectively to protect recoveries and influence outcomes. Finally, the discussion turns to innovation in restructuring, from hybrid debt-equity instruments to highly negotiated DIP financings that can effectively pre-wire bankruptcy outcomes. With maturity walls looming in sectors such as software and pressure persisting in cyclical industries, lenders are preparing for a broader wave of stress that may require more proactive involvement, including stepping into ownership and driving operational change.
24 июл.

Golub co-CEO sees a Darwinian moment for private capital

“One of the predictions I would make is that the private equity industry is in a tectonic, Darwinian moment itself,” says David Golub, co-CEO of Golub Capital, a direct lending specialist with more than $90 billion in AUM. Speaking on the latest episode of Credit Exchange with Lisa Lee, Golub also sees a ‘Darwinian moment’ for private credit due to higher-than-usual credit stress and lower-than-expected returns. “The winners thrive, they adapt, and they grow, and the losers, they don’t,” says Golub. This will all lead to more consolidation in the industry, and a core group of private equity and private credit firms of size unseen before. David, who along with his brother Lawrence Golub has been in the private credit space virtually since its inception, also speaks about the history of the industry, the recent bout of negative headlines, and trading the illiquid asset.
7 июл.

LS Power's Darpan Kapadia on data centers and the new power playbook

Natalie Boyer speaks with LS Power COO Darpan Kapadia about the mounting strain on the US power grid as data center demand surges. Kapadia discusses rising costs to build new power, the debate over who should pay for grid upgrades, investment opportunities across generation and transmission, and what it will take to build a reliable and affordable energy future.
21 авг.

Crescent CEO says US Treasuries are spiking due to rising risk of persistent inflation

“The markets are recognising the risks around longer-term inflation. I think it’s recognising the ballooning deficits of governments around the world,” says Chris Wright, CEO and president of Crescent Capital Group, on the latest episode of Credit Exchange with Lisa Lee, taped on 19 August 2026. “What you’re seeing is the repricing of long-term assets based on a recognition of a higher inflationary rate going forward,” says Wright, who helms the global alternative investment firm with over $50 billion of AUM. And the financing of growth in a more uncertain market is getting more expensive, he contends. Wright also discusses the tie-up of insurance firms and credit asset managers, and why that model has gained in popularity. Crescent is owned by insurance company SunLife. He also chats about corporate credit markets, artificial intelligence and the huge capital spending to support it, and the evolution of private credit funds.
22 мая

Morgan Stanley's Chris Ortega breaks down mid-market infrastructure investing

Chris Ortega, Head of the Americas at Morgan Stanley Infrastructure Partners (MSIP), joins Crossroads to discuss the rise of mid-market infrastructure as a distinct and increasingly important investment strategy. He explains how the segment has evolved beyond size definitions to focus on sourcing and value creation. Ortega also explores how MSIP drives value through identifying businesses with robust, consistent earnings while preserving exit flexibility across a variety of financial and strategic buyers.

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.