Beach Point Capital Management

Beach Point Capital Management has made an investment into Metro Franchising Commissary, one of the largest Dunkin' franchisees in the system. Beach Point Managing Director, Bordon Lai, said: "Dunkin' is an iconic brand providing great value to millions of loyal customers across North America, and we are very excited to support Metro Franchising's continued growth and expansion. Stuart and Paul have built Metro Franchising into one of the top franchisees in the system, and having known and worked with them since 2015, I am thrilled to partner with them again."

We are proud to announce Beach Point was recognized for the third time as an Inclusive Workplace by Best Companies Group, a workplace culture and employee engagement expert, and COLOR Magazine, a leader in corporate inclusivity.

Beach Point Capital Management portfolio company Brightmore Brands has acquired Texas Thrift. Beach Point Managing Director, Evan Klebe, said: "The acquisition of Texas Thrift establishes Brightmore as the most active consolidator and fastest growing platform in the industry. Following our acquisition last year of a store in Houston and our soon to open Fort Worth store, Texas Thrift accelerates Brightmore's expansion into Texas, which boasts attractive demographic trends. We are proud of our partnership with the Brightmore team and look forward to further expanding the platform."

Jordan Sauer, SVP at Beach Point Capital Management, discussed the rise of Liability Management Exercises (LMEs) and how they are changing the game for credit investing and CLOs. Read the article here:

Congratulations to Beach Point’s 2024 intern class on a successful summer program! Over the past few months, they worked diligently to contribute to meaningful projects and develop relationships across the firm. As a proud supporter of Girls Who Invest, Beach Point would like to express our appreciation to the organization for allowing us to contribute to their mission of transforming the investment management industry.

Beach Point Capital Portfolio Manager, Allan Schweitzer, discussed liability management exercises and opportunities in distressed debt for the second half of 2024 with PitchBook’s Jack Hersch.   He noted that LMEs “have redefined the landscape for distressed investing … the array of outcomes and their economic impact on each debt instrument are greater than they have ever been.”   Read the full story:

Beach Point Capital Portfolio Manager, Michael Haynes, spoke with PitchBook’s Claire McDonnell to discuss the position of equity warrants in private credit transactions. “Firms that are confident in their growth strategies are choosing to reinvest a greater portion of their cash back into their businesses rather than repaying its lenders. And if you are participating in warrants as a lender, you’re comfortable with that approach because you now have a stake in the company’s future growth.” Read more here:

Beach Point Managing Director Bordon Lai joined Johnny Wu and Agnes Tan, CFA on AAAIM’s podcast series, “AAAIM High ELI,” to discuss his personal background, career path, and the process of helping to build out Beach Point’s private equity investing capabilities. Listen here:

Beach Point enjoyed hosting a networking luncheon in Toronto yesterday for an informative session about creditor-on-creditor violence. Jordan Sauer led the discussion, providing an update on current market trends in the space in the U.S. and Europe, discussing liability management exercises, and explaining how creditor actions affect recoveries and performance in credit funds.

Beach Point Capital Management Portfolio Manager Sinjin Bowron spoke with Bloomberg News’ Michael Tobin to discuss step-down provisions in leveraged loan markets and why they aren’t ideal in every circumstance. The step-down provision “…shows an inclination to deleverage and diversify sources of funding but there’s no protection for lenders in that process.” - Sinjin Bowron, Portfolio Manager Read more: