Podcast from the Creditflux editorial team discussing global credit funds and CLOs.
The Last Tranche with Sycamore Tree's Parker: It's a question of when, not if, a recession hits the US economy
In this episode of the Last Tranche, Trey Parker, co-founder and chief investment officer at Sycamore Tree Capital Partners, discusses the optimal way for a CLO manager to invest through an economic downturn
The Last Tranche with CVC's Bergstresser: the CLO market will continue to function amid Ukraine crisis
In this episode of the Last Tranche, CVC Credit Partners partner and global head of performing credit Gretchen Bergstresser discusses the impact of Russia's invasion of Ukraine on the global loan and CLO markets. Bergstresser speaks to the immediate moves in credit spreads following the invasion and outlines what she expects to see in the weeks ahead, and identifies sectors that are most at risk.
The Last Tranche with Napier Park's Secmen: Tailwinds fuelling the CLO market are masking manager incompetence
In this episode of the Last Tranche, Serhan Secmen, head of US CLO investments at Napier Park Global Capital joins to discuss how equity investors choose which managers to allocate to for the best long-term performance. Secmen says manager style meant some firms were better prepared for the covid selloff in 2020 as well as able to maximalise returns during this year's recovery.
The Last Tranche with New Mountain's Moshiri: New CLO managers may increase risk if they do not have stable equity capital
In this episode of the Last Tranche, New Mountain Capital's Cyrus Moshiri discusses the process of new firms entering into CLO management. Moshiri discusses whether an increase in new managers or consolidation is more likely, and how investors can analyse opportunities presented by upstart platforms.
The Last Tranche with Capital Four's Skødeberg and Wiant: 26% of new European loans have ESG-linked margin ratchet, and the US could follow fast
In this episode of the Last Tranche, Capital Four's Torben Skødeberg and Jim Wiant discuss the emergence of loans linked to environmental, social and governance (ESG) criteria, and how the ESG movement has taken over credit markets, first in Europe followed by the US
The Last Tranche with Bardin Hill's Raciti: For-profit prisons are classified as construction and have some of the best ESG scores
In this episode of the Last Tranche, Bardin Hill Investment Partners' Philip Raciti discusses how environmental, social and governance (ESG) is a growing risk factor for CLO managers. Raciti says ESG-related data disclosure remains an issue and addresses how managers can avoid companies that are "greenwashing".
The CLO podcast
If you work with the niche product that is CLOs, you need to listen to this podcast.