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Summary
Private credit market efficiency is currently on a trajectory to one day match that of public debt. However, there are certain technological and regulatory challenges that need to be overcome to enable the next level of liquidity and transparency for private credits.
Please join our discussion on the evolution and future state of private credit liquidity and what to expect next by covering the following topics:
- How liquid are the public debt, leveraged loan, and private credit markets today?
- What were the key factors that have improved liquidity in private credit markets over the past decade?
- Which current investments in technology and infrastructure are most likely to improve efficiency and transparency in private credit markets?
- What regulatory challenges are limiting the expansion of the private credit markets?
Speakers
S&P Global Market Intelligence
Christopher Fenske
Head of Capital Markets Research
Chris Fenske is currently Head of Capital Markets Research for the Global Markets Group at S&P Global Market Intelligence, where he focuses on providing insight into the liquidity and performance of equity and debt capital markets. Prior to joining S&P Global, he was a senior vice president at NY based hedge fund, where he managed a $900 million portfolio of distressed securitized products. He began his career at Credit Suisse as a fixed income research analyst on the #1 ranked mortgage ABS research team by Institutional Investor Magazine and later became a trader of distressed MBS and credit default swaps on ABS.
S&P Global Market Intelligence
Jocelyn Lewis
Vice President, Head of iLEVEL Private Credit
Jocelyn leads the credit strategy globally for our private markets portfolio monitoring platform, iLEVEL, and co-hosts our Private Markets 360o podcast. In this role, Jocelyn leads strategic initiatives in collaboration with product, sales and client engagement to ensure we are innovating to support future market and client needs. Previously, Jocelyn held roles including global head of private credit strategy for WSO, our loan administration and loan agency solution, as well as regional head of our private valuation services.
Jocelyn joined S&P Global in 2016 with 15 years of asset management experience across private credit, direct lending, asset-based finance, special situations, and private equity. This experience includes eight years at Fortress Investment Group as a Vice President of Asset Management in the Credit Funds. Jocelyn managed middle market direct loans and asset-based finance investments and focused on restructuring distressed investments stemming from the 2008 financial crisis. Jocelyn also worked at D.B. Zwirn & Co. focusing on asset management and Wells Fargo Capital Finance, where she was part of the asset-based lending portfolio management and audit teams.
Jocelyn holds a Bachelor of Business Administration from the University of Miami.
S&P Global Market Intelligence
Luca Blasi, PhD FRM
Head of Private Markets & Regulatory Solutions
Luca Blasi is the Head of Private Markets & Regulatory Solutions, leading S&P Global Market Intelligence’s activities on valuations and risk for private market securities (private equity, private credit, ABS and hard-to-value securities).
Luca has over 30 years of experience across many sectors of financial markets including regulators, public sector investment authorities, investment banking and private valuation services. Before joining S&P Global, Luca held senior leadership roles in investment banking valuation control functions in DB and Nordea, as well as leading the valuation and risk management Banking Supervision Risk Specialist team for the Bank of England.
Luca holds a PhD in Financial Econometrics from University of Aberdeen. He is a member of the Advisory Committee of the Financial Risk Manager Program (GARP) and he is a member of the Financial Instruments Board of the International Valuation Standard Committee (IVSC).
Questions?
Please contact us if you need more information or have trouble accessing the webinar.