Alternative Credit at a Crossroads – Time to Reset, Readjust and Refocus 2022 | CRISIL Limited | 30 May 2022 | Webinar

The alternative credit space in the US and the European loan markets have been seeing stellar growth thanks to a shift away from traditional lenders.

Direct lending has reached new peaks; direct lenders led or agented several multi-billion-dollar facilities last year, shattering deal records.

There is a paradigm shift, marked by growing scale, shorter deal cycles, new financing structures (e.g., uni-tranches), and ‘covenant-lite’ issuances.

Investors and lenders alike need to rethink their investment practices, be it underwriting, due-diligence, or identifying exclusive opportunities with consistent returns.

In this milieu, CRISIL is hosting a webinar titled ‘Alternative credit at a crossroads — Time to reset, readjust and refocus’.

At the webinar, global experts will share their insights on the evolution of the alternative credit space, including regulatory developments, changing underwriting and due-diligence methods, headwinds, and strategies to sustain alpha amid intensifying competition.
The topics will include:
• Outlook for the alternative credit space in the next 12 months amid headwinds such as rising inflation and interest rates
• Roadblocks the alternative credit firms are likely to face in ESG integration
• Balancing the underwriting standard and lending strategy amid a record deal flow with a surge in covenant-lite loans and shorter deal cycles
• Pricing risk and finding a consistent premium amid increased competition

2022 Speakers

Paul Kelly
Senior Managing Director and Chief Operating Officer, Blackstone Credit

Patrick Suchy
Head of Credit, Private Markets, HSBC Alternatives

Nilesh Mandhare
Director, Ellington Management

MODERATOR:

Abhik Pal
Senior Director & Global Practice Head – Fundamental Research, CRISIL GR&RS