Absolute Credit Series

Kirkland & Ellis LLP
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Welcome to Kirkland’s Absolute Credit podcast brought to you by the Structured Capital & Insurance Solutions Team. Each episode features discussions between industry leaders and experienced professionals who explore market trends and share insights for investors and fund managers in the structured capital space.

Выпуски

  1. 29 июн.

    How Fitch is Rethinking Risk in a Changing Fund Landscape

    In this episode of Absolute Credit, Kirkland partners Lindsay Trapp and Kate Luarasi are joined by Fitch Ratings Global Head of Fund & Asset Management Greg Fayvilevich to address the growing role of ratings across the rapidly evolving fund finance market. The conversation covers Fitch’s recent updates to its CFO rating methodology, including enhancements to better assess GP-led structures, portfolio concentration and manager quality, as well as how increasing institutional investor participation is driving a more institutionalized market with tighter standards.

    46 мин.

  2. 15 июн.

    Unlocking Liquidity at Scale: CFOs and Continuation Vehicles Coming Together to Open the Door to New Investors

    In this episode of Absolute Credit, Kirkland partners Lindsay Trapp, Jared Axelrod, Mark Boyagi and Sean Hill discuss how CFO structures are being used alongside continuation vehicles (CVs) to unlock new pathways to liquidity, scale transactions and expand the investor universe. From GP and LP stakes to credit portfolios, the conversation highlights real-world applications, emerging hybrid structures (including the aptly named “CVFO”), and the growing role of rated structures in funding increasingly large and complex deals.

    25 мин.

  3. 6 мая

    Private Credit Has Grown Up — Moody's on What Comes Next

    In this episode of the Absolute Credit series, Kirkland partner Lindsay Trapp is joined by Global Head of Private Credit Marc Pinto of Moody’s Ratings to discuss key trends shaping the private credit and fund finance markets. They explore the continued growth in demand for ratings across fund finance products, the expansion of private credit into new asset classes and geographies, and the increasing convergence between fund finance andstructured finance. The conversation also covers evolving rating methodologies, the importance of transparency and information sharing, considerations for rated feeders and multi-asset structures, and how greater retail investor participation is influencing product development and regulatory focus.

    30 мин.

  4. 6 апр.

    Regulatory Relief & Tax Alpha: Why Insurance-Dedicated Funds Are Gaining Ground

    In this episode of the Absolute Credit video series, Kirkland partners Lindsay Trapp, Bruce Gelman and Kate Luarasi discuss insurance-dedicated funds (IDFs) as an increasingly important capital-raising tool for accessing insurance company, high-net-worth and institutional capital. They explain how IDFs can be deployed alongside existing fund strategies to support platform growth, the tax and regulatory capital benefits using these structures, and other considerations like investor eligibility, investor controllimitations and diversification requirements.

    23 мин.

  5. 19 февр.

    Risk Retention Roundup

    In episode five of the Absolute Credit series, partners Lindsay Trapp, Jared Axelrod and Michael Urschel provide a comprehensive refresher on the U.S. risk retention rule. They review its origins in the Dodd-Frank Act, discuss the impact of the LSTA court decision on CLOs, and explore how self-liquidating financial assets and sponsor definitions affect compliance. The discussion also covers the application of risk retention to rated funds, CFOs and hybrid structures, with an emphasis on practical considerations, look-through analyses and evolving market practices.

    25 мин.

  6. 10 февр.

    CFO 2.0 How Collateralized Fund Obligations Became the Hottest Ticket in Town

    In episode four of the Absolute Credit video series, partners Lindsay Trapp and Jared Axelrod cover collateralized fund obligations’ (CFOs) evolution in the private credit and fund finance markets. They examine how asset mix, cash flow generation and liquidity mechanics shape these deals, and discuss ratings and regulatory considerations as CFOs become increasingly popular hybrid financing tools among GP-led structures, including in fundraising and liquidity solutions.

    25 мин.

  7. 29.12.2025

    Rated Funds & CFOs 2025 Update

    In episode three of the Absolute Credit video series, partner Lindsay Trapp is joined by KBRA Chief Rating Officer Bill Cox to discuss key developments in the rated funds, feeder note and CFO markets. They explore the rapid growth and increasing complexity of rated fund and CFO structures, expanding asset classes and geographies, the rise of evergreen and perpetual vehicles, and how KBRA evaluates collateral, managers and structures as investor demand for private credit exposure continues to evolve. Read KBRA’s presentation.

    38 мин.

  8. 02.12.2025

    Trends in CLO Equity

    In episode two of the Absolute Credit video series, Kirkland partners Lindsay Trapp and Jared Axelrod break down current dynamics in the CLO equity market, noting increased third-party equity activity at the warehouse stage, continued reliance on joint venture and multi-deal capital arrangements, and the growing importance of manager-originator structures amid evolving EU risk-retention rules. They highlight how regulatory shifts regarding the EU risk retention sole purpose test and seasoning requirements are shaping deal structures, as well as why EU compliance remains valuable for accessing global investors.

    10 мин.

  9. 21.11.2025

    Recent Trends in Rated Note Funds

    In this inaugural episode of our Absolute Credit series, Kirkland partners Lindsay Trapp and Kate Luarasi dive into the evolving world of rated fund structures, exploring the key differences between vertical and horizontal structures, the rise of new investor types, and the challenges that come with the attendant complexity, including MFNs and funding mismatches. They share insights on how these innovations target risk-based capital, draw other capital inflows, and give fund managers practical considerations and a look at where the market is headed.

    37 мин.
  • Выпусков: 9

Об этом подкасте

Welcome to Kirkland’s Absolute Credit podcast brought to you by the Structured Capital & Insurance Solutions Team. Each episode features discussions between industry leaders and experienced professionals who explore market trends and share insights for investors and fund managers in the structured capital space.

Информация

  • Автор
    Kirkland & Ellis LLP
  • Годы выхода
    2 тыс.
  • Выпуски
    9
  • Ограничения
    Без ненормативной лексики
  • Авторские права
    © Kirkland & Ellis LLP
  • Сайт подкаста
    Absolute Credit Series

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