PRIVATE CREDIT – Understanding the Risks and Opportunities in the Current Environment
Join us for a panel as we identify and discuss today's pressure points in private debt and credit due to the Covid-19 Pandemic that will lead to the opportunities of 2020 and beyond. Our expert panel will reflect on past crises and discuss how they are adjusting to today's new realities and preparing for tomorrow's opportunities. How are managers handling the increased uncertainty and risk? And where are the related opportunities?
- Explanation of different strategies within the private credit asset class
- The role of collateral in private credit strategies
- The capital structure and what is the likelihood your firm will need to operate that collateral in the coming months
- Opportunities in the current environment and to positioning in order to take advantage of these opportunities
Event Recording
PRIVATE CREDIT Understanding the Risks & Opportunities in the Current Environment
Speakers
Matt Kiggins
- Title
- Senior Vice President, Regional Director @
- Company
- Millennium Trust
- Role
- Moderator
Matt Kiggins is SVP and Regional Director with Millennium Trust Company, a $30B Qualified Custodian servicing the Alternative Investments space. He is responsible for driving growth within the Institutional Custody channel with a focus on providing Fund Custody, Safekeeping, Verification services to Registered Investment Advisors (RIAs), Fund Managers, and Institutions. Prior to his role at Millennium Trust Co he spent 10 years at Fidelity Investments in Boston and has close to 25 years of experience in the financial services space. He is a 1996 graduate of Fitchburg State University where he earned a Bachelor of Science degree in Economics and has previously held FINRA Series 7 & 63 licenses.
Rob Jafek
- Title
- Founder @
- Company
- Boomerang Capital
- Role
- Panelist
Rob has been involved in all phases of Boomerang’s development since its inception and oversees its operations. He previously held various principal investing roles including Head of International Trading for Nicholas Applegate Capital Management and Analyst at Tiger Management. He has founded and managed two alternative investment firms: Plumeria Advisors and Torrey Pines Capital Management. He started his career as an investment banking Analyst at Morgan Stanley. He received a BA in Finance from The University of Utah and a Masters in Innovation and Entrepreneurship from HEC Paris. He is a contributing member to Forbes.com and a member of the Forbes Real Estate Council and teaches business as an Adjunct Professor at the UC Berkeley School of Law.
Jeremy Todd
- Title
- Head of Capital Markets @
- Company
- Prime Meridian Capital Management
- Role
- Panelist
Jeremy Todd, CFA, has over 20 years of financial services experience in management, sales, and marketing covering asset managers, hedge funds, institutional investors, broker dealers, and registered investment advisors. He is the Head of Capital Markets at Prime Meridian Capital Management. Previously he was the Head of West Coast and Asia Regions at two different fintech startups dv01 and Orchard Platform. He also spent 17 years in prime brokerage starting at Montgomery Securities, then was a managing director at Bear Stearns, started the prime brokerage division at The Bank of New York Mellon, and lastly at Barclays managing the west coast business. Jeremy earned a B.A. in philosophy from the University of California, Berkeley.
Mark Fitzpatrick
- Title
- Managing Partner @
- Company
- Glide Capital
- Role
- Panelist
Mark Fitzpatrick has over 20 years experience working with family offices and wealth management firms to build portfolios within alternative strategies. Mark is a co-founder of Glide Capital, which was created in 2015 to assist family offices and wealth managers to more efficiently build portfolios within private credit and other alternative strategies.
Mark is a key member of the Investment Committee, oversees the operations and legal departments and is responsible for developing strategic relationships for the firm. Mark is a CFA charterholder.
About
Boomerang Capital
Boomerang Finance, LLC (the “Fund”) has an investment objective of providing income with limited variability in returns. This is accomplished by providing short-term, business-purpose loans secured by real estate in a first lien position with the additional protections of a personal guarantee from borrowers and cross collateralization. All loans are self-originated, and risk managed through careful underwriting, thoughtful portfolio construction and consistent servicing. The majority of borrowers are return clients. Exposure is broad-based, and the Fund is structured as a REIT.
Glide Capital
Glide partners with wealth advisors, family offices and institutional investors to build a customized portfolio, based on the specific objectives of their firm. Glide eliminates the significant financial and time commitment normally required to build a diversified portfolio by providing our clients with manager souring, due diligence, technology, research and a unique structure that allows firms to efficiently manage portfolios through their custodian. Glide has an experienced investment team which has reviewed over 600 private credit managers. Our goal is to provide the wealth managers with a best in class private credit offering which allows them to build better portfolios in an efficient manner. Glide Capital is SEC registered and has over $500 million in assets under management. Glide works with both US and international wealth management firms.
Millennium Trust
Millennium Trust Co is a $30B+ Qualified Custodian specializing in providing custody solutions for fund managers, RIAs, institutions, investment platforms, and marketplace lenders, whether they are in need of institutional custody services for funds or alternative asset expertise for their investors. We are based on Oak Brook, IL, currently have over 400 employees and are privately owned by Boston-based Investment Company, Abry Partners.
Prime Meridian Capital Management
Since inception, our primary objective at Prime Meridian Capital Management has been to provide income diversification and long term relative value over traditional fixed income investments. The Prime Meridian funds have met this objective every year since inception and continue to do so. Our funds are increasingly popular with investors and asset management firms, and are approved for custody and distribution on major broker dealer (Fidelity, TDA, Pershing etc) and IRA/401k platforms. Offshore feeders are available for non-US investors, and approved at several popular international banks.