Ellington Management Group’s Post

Blue Vista Capital Management’s Peter Stelian recently spoke with Commercial Observer regarding the uptick of riskier CMBS transactions across the real estate sector and the broader implications of impending debt maturities. Read the full article below: https://lnkd.in/gdXua3TR #RealEstate #CMBS #DebtMaturities #RealEstateInvestment 

Credit Union Space vs. Life Cos and Other CMBS: A Comparative Analysis Explore the differences between the credit union space, life companies, and other commercial mortgage-backed securities (CMBS) in the realm of real estate financing. #realestate #creditunions #CMBS #creditunionloans #lifecompanyloans #capitalmarkets

Following the release of Ely Place Partners' Private Debt Secondary Market Survey, Daniel Roddick discussed the survey's findings and the outlook for this burgeoning market with Priyanka Iyer from SecondaryLink. Speaking on the survey’s findings, Daniel delves into the factors behind the growth of the asset class, the effects of competition on the pricing of high-quality senior loan portfolios, and why, despite a notable increase in GP-led sales, LPs are still driving the majority of deals. As a specialist private credit and secondaries advisor, we are always keen to share our insights on this crucial and fast-growing sector of the market. Follow the link if you'd like to request a copy of the survey, and drop us a line to talk all things secondaries! https://lnkd.in/eUpNCVxc Read the full article here: https://lnkd.in/dFHHMmd9 #privatedebt #secondaries #research #privateequity #advisory

As the only liquid fixed income investment with no duration, U.S. senior floating rate loans can play a valuable role in income-focused portfolios. Nuveen, a TIAA company Head of Senior Loans Scott Caraher shares views on benefits, strategy, and more in the latest CEF Insights episode: https://lnkd.in/gdske7sj #invest #investing #investmentmanagement #closedendfunds #cef

Why Europe Still Awaits a Private Credit CLO   Illuminating article, for me at least. Among the obstacles cited is the availability and cost of ratings applied to private debt, which must not be unique to Europe.   "Lastly, ratings present an additional cost. Private debt is unrated. But ratings on the underlying loans are an integral part of the tests that CLO managers usually must pass to ensure a structure is sound. For private debt CLOs, then, managers usually pay for a so-called credit estimate on each loan – a process that could be expensive for the portfolio as a whole. This is good business for rating agencies, but another obstacle for the manager." #privatecredit #CLO #creditratings

We are optimistic about both M&A and financing markets for the second half of 2024, as improved financing conditions and ongoing inflation moderation could result in lower #interestrates. Read DC Advisory’s latest European #DebtMarket Monitor, including #Spain market highlights > https://bit.ly/4gFWeYi

Fitch: US private credit defaults to rise in 2024 #business #finance #fintech #investment #investors #aci #alternativecreditinvestor #FitchRatings #Fitch #privatecredit Fitch Ratings https://lnkd.in/eP3GqFnz

Today, we hosted the second roundtable to discuss the impact of debt and late payment issues that suppliers are facing within the industry.   It’s evident that many businesses are navigating similar challenges when it comes to managing overdue payments. It’s encouraging to address what is often considered a taboo topic and use it as an opportunity to collaborate and support one another as an industry.   It was fascinating to uncover the common hurdles around debt recovery, and we hope all attendees left with valuable insights and actionable takeaways.   Thank you to everyone who joined us for our roundtable at The Building Centre!   If you’re interested in becoming part of the Block Debt community or learning more about how we can help streamline your credit control and debt recovery processes, please contact us. Tara Gentry Stephen Day Tom Lloyd Yashmin Mistry Frank Somma Zainab Khatoon Samantha Massey FRICS FIRPM Ben Gates MRICS Luke Williams John Thornton Malcolm Perryman Jeff Whiley Colin Porter Ricky Weston Antony Jones Sandeep Singh FTPI AssocRICS Zoe Walheim MRICS Julian Davies MRICS Jordan Begg Jamie Willsdon Zoe Griffin Lottie Wight #PropertyIndustry #CreditControl #Collaboration #Finance #PropertyManagement #BusinessStrategy #Teamwork

I just completed White & Case's US Debt Finance on Forage. In the simulation I: Completed a simulation focusing on comparing legal terms within the Debt Finance team. Analyzed lender commitment papers to craft a concise comparison grid for informed decision-making. Created a lender comparison grid for a private equity fund, aiding optimal lender selection. Reviewed and compared lender commitment papers, enhancing transaction coordination. Check out the simulation here: https://lnkd.in/d_WwvnEC

**Alternative Credit Awards - nominations open!** A reminder that you can submit your entries for the Alternative Credit Awards, hosted by Alternative Credit Investor, until 28 June. If you're a fund manager, lender or service provider making your mark on the private debt space then don't miss out on being considered for one of these accolades! More info in first comment box.