Shows
4 RealCalling Balls and Strikes: Batting it Around with Moody’s Dan RubockIn this episode of Dechert 4 Real, hosts Jon Gaynor and Sam Gilbert welcome Moody’s Ratings’ SVP and former Dechert lawyer Dan Rubock to the podcast for an in-depth look at his career shaping how the agency evaluates the legal architecture of CMBS deals. They also go extra innings on insurance risk, data centers, Canadian CMBS and AI, and share some favorite sports memories.
2026-03-2644 min
On Reg2026 Regulation Priorities: Funds Congress RecapWhat are European regulators focused on this year? In this episode of Dechert On Reg, host Angelo Lercara is joined by Dechert partners Katie Carter and Mark Dillon and counsel Christine Renner to discuss highlights from the regulatory panel at this year’s Funds Congress, held February 6 in London. Topics include evolving regulatory divergence, targeted burden-reduction initiatives and strategic priorities for ESMA, the Central Bank of Ireland, the CSSF and the FCA in 2026 and beyond.
2026-03-1226 min
Committed Capital2026 Global Private Equity Outlook: Signs of a Gradual ThawWith buyout and exit values climbing, GPs are leaning in — despite shifting U.S. trade policy, European political stasis and geopolitical uncertainty. On Dechert’s Committed Capital, Everstone Group's Sujoy Bose, Investcorp’s Daniel Lopez-Cruz and Ridgemont Equity Partners’ Dan Harknett join Dechert’s Markus Bolsinger, Sabina Comis, Maria Tan Pedersen and Nick Tomlinson to discuss 2026 opportunities and the legal issues shaping PE dealmaking.Show NotesDechert's 2026 Global Private Equity Outlook
2026-02-051h 00Committed CapitalSidecar: From Codes to Clicks — Telehealth in the Consumer-First EraHow will Medicare’s telehealth back-and-forth – and new developments like the 10-year CMS ACCESS Model – reshape the investor playbook? Markus Bolsinger, co-head of Dechert’s global private equity practice, joins Dechert partner Jennifer Hutchens and associate Brooke Meadowcroft to unpack shifts from pandemic-era expansion to the October 1, 2025 “telehealth cliff” and reinstatement through January 30, and what they mean for strategics and PE. They explore the convergence with DTC pharma and how digital-first infrastructure, data integration and safeguards can make telehealth the connective tissue between coverage and access to care.
2026-01-0815 min4 RealGiving Thanks for Transitional LendingIn our 28th episode, Dechert 4 Real hosts Jon Gaynor and Kate Mylod sit down with Richard Flohr of CrossHarbor Capital Partners for a discussion on all things transitional lending, including construction financing and Richard’s passion for industrial CRE. Plus, Dechert partner Mauricio España stops by with the 411 on recent cases involving Western Alliance and Zions Bank, and the group gets “4 Real” about Thanksgiving day Turkey Trots.
2025-11-2436 min4 RealMultifamily Bridge Loans, CRE CLOs and Pancake REMICsWhat’s driving the robust and very competitive transitional multifamily real estate market? In this episode of 4 Real, hosts Jon Gaynor and Matt Armstrong highlight changes and emerging opportunities in this market with Russell Avery, Managing Director at Limekiln Real Estate Investment Management and Head of Capital Markets for their MF1 joint venture with Berkshire. The conversation explores the surge in construction-takeout and bridge-to-bridge loans, competitive dynamics between bank warehouses and CRE CLOs, as well as capital market trends like spread compression, term-out facilities at the end of a CLO life and repo financing. Plus, Dechert tax partner Will Ce...
2025-10-2342 min4 RealParsing Private Credit in Commercial Real Estate With Missy Dolski and Jim Dunbar of Värde PartnersHow does fund finance fit into leading investment firms’ broader lending strategies? In this edition of Dechert’s 4 Real podcast, hosts Jon Gaynor and Stewart McQueen sit down with Missy Dolski and Jim Dunbar of Värde Partners to discuss the launch of Värde’s new fund finance platform, CRE CLO collapses, areas of distress in real estate, issuance trends, opportunities on the horizon and much more. Plus, Jon and Stewart share the 411 on the recent data center boom.Show NotesThe Download on Data Centers, U.S. Election Ripple Effects and Disney Vacation...
2025-09-1127 minCommitted CapitalPE Rx: Navigating Oregon’s New Healthcare Rules and the Evolving State Law LandscapeHow might Oregon’s new laws restricting private equity in healthcare operations affect regulations in other states, and what should investors and healthcare providers know about them? In the debut edition of Committed Capital’s PE Rx series examining the intersection of PE and healthcare, Dechert partners Markus Bolsinger and Jennifer Hutchens unpack the history and impact of Oregon’s SB 951 and HB 3410, including their practical implications for PE sponsors and management service organizations, the state’s evolving stance on the corporate practice of medicine and much more. Show Notes"Healthcare Private Equity Soon to Face S...
2025-09-0422 minCommitted CapitalSidecar: New Order ‘Targets’ 401(k) Plan ‘Alternatives’Earlier this month, a U.S. executive order was signed to broaden the availability of alternative asset investments for individuals with 401(k) plans. In this Sidecar episode of our Committed Capital podcast, Dechert partners Bill Bielefeld and Steve Rabitz dive into the challenges fiduciaries face under ERISA and the regulatory shifts poised to redefine retirement investment strategies moving forward. From liquidity concerns to fee structures and legal uncertainties, this comprehensive conversation sheds light on how plan sponsors and asset managers can navigate the evolving landscape of alternative asset inclusion in participant-directed retirement plans.Show Notes:
2025-08-2029 min4 RealThe Return of Real Estate M&A and Upcoming EDGAR Next ChangesWhat is driving the uptick in real estate M&A activity? Dechert 4 Real hosts Jon Gaynor and Sam Gilbert sit down with global finance partner Justin Gdula to discuss the mechanics of real estate-backed M&A transactions, the factors that led to their resurgence, the challenges lenders and borrowers face in navigating these complex deals and the critical elements that ensure successful closings. Plus, Dechert associate John Ludwig-Eagan gives the 411 on the SEC’s EDGAR system revamp coming in September.Show Notes:EDGAR Next: What Filers Need to Know and How They Can Pr...
2025-08-1927 minOn RegA Deep Dive on New U.S. Crypto LegislationHow will the recently adopted GENIUS Act, the pending CLARITY Act and other recent regulatory developments affect the crypto market in the U.S.? In this installment of Dechert On Reg, host Angelo Lercara is joined by Dechert partners Brenden Carroll and Neel Maitra to highlight what these new developments mean for crypto traders and asset managers, the role of the SEC and banking agencies and the potential for tokenization of securities. The discussion also explores the challenges of regulating decentralized finance and the prospect for harmonization between U.S. and EU regulations. Show Notes
2025-08-1327 min4 RealFinancial Restructuring “Hot Takes” and Legal Practice Origin StoriesLooking for a primer on the top-of-mind terms and topics in bankruptcy matters today? Dechert 4 Real has you covered as hosts Jon Gaynor and Kate Mylod sit down with David Herman, partner in Dechert’s financial restructuring group, to highlight his “hot takes”/hot tips on the space, including thoughts on substantive consolidation, automatic stay, prepackaged bankruptcy and more! Plus, Dechert partner Lindsay Trapp gives the 411 on recent developments in blind pool ratings and the hosts reveal their superheroic legal origin stories! Show Notes For more information on blind pool ratings, email ratedfundsteam@dechert...
2025-05-2745 min
On RegCountry Edition: Exploring the UAE’s Key Economic Indicators and OpportunitiesIn the latest Country Edition of Dechert On Reg, host Angelo Lercara is joined by partners Amanjit Fagura and Colin Sharpsmith from Dechert’s Dubai office to discuss critical insights for asset managers looking to raise capital in the United Arab Emirates (UAE). Fagura and Sharpsmith provide a comprehensive overview of the UAE's regulatory landscape, investment patterns and fund structures, offering valuable guidance on navigating the complexities of raising capital in the Emirates. The episode also explores key investor groups, tax considerations, current market trends and recent regulatory changes that asset managers need to be aware of....
2025-05-0936 min4 RealCMBS Servicing Sitdown With Trimont’s Cindy Barreda and Leslie HaytonRecording for the first time in Dechert’s Charlotte office, 4 Real’s Jon Gaynor, Sam Gilbert and Ella Smith invite Trimont Chief of Staff Cindy Barreda and Senior Managing Director Leslie Hayton to the pod to discuss Trimont’s recent acquisition of the Wells Fargo third-party commercial mortgage servicing platform, CRE trends to watch in the current and future economic landscapes and how they’re using AI to streamline their workflows. Plus, London-based Dechert partners John McGrath and Aaron Scott give the 411 on changes to the European risk retention rules, the group has some surprising brushes with fame and Sam hits...
2025-04-2441 minOn RegKey Regulatory Insights From Funds Congress 2025 What is currently top of mind for regulators in the ever-changing financial services landscape? In this episode of Dechert On Reg, host Angelo Lercara invites fellow partners Katie Carter and Marianna Tothova to discuss hot topics from the “Regulatory Horizon: Key Themes for 2025” panel at this year’s Funds Congress in London. Featuring representatives from the FCA, CBI, ESMA and CSSF, the panel highlighted regulators’ innovative use of AI to parse massive amounts of data, how these authorities are cutting through “the noise” to focus on maintaining stability and protecting investors, thoughts on the retailization of private markets in Europe and mu...
2025-04-0728 min4 RealSpringing Into Real Estate Debt Funds, EDGAR Next, Corporate Transparency Act Updates and Surprising SportsSpring is in the air as Dechert 4 Real’s Jon Gaynor, Ella Smith and Sam Gilbert take a fresh look at the world of real estate debt funds with Dechert financial services partner Gerry Brown, discussing market trends, the benefits of evergreen funds vs. closed-end funds, how tokenization will impact this space and much more. Plus, CMBS associate Parker Lacoste joins the show with updates on the SEC’s EDGAR Next program and the Corporate Transparency Act, while Ella invents an all-new sport: “gobf.” Show Notes: EDGAR Next: What Filers Need to Know and How Th...
2025-03-2739 minCommitted Capital2025 Global Private Equity Outlook: Key Legal Developments and Trends to WatchDespite a year of geopolitical volatility and economic uncertainty, private equity demonstrated its resilience in 2024. With challenges still ahead, how are PE managers setting themselves up for success in the coming year? In this special episode, Dechert partners Sarah Kupferman, Rani Habash, Eliot Relles and Sam Whittaker share their perspectives and insights on key findings from Dechert’s 2025 Global Private Equity Outlook report, including the increased appetite for co-investments and club deals, the impact of regulatory changes and private credit’s growing role in bridging funding gaps. Show Notes 2025 Global Private Equity Outlook
2025-03-1822 min
Committed CapitalSidecar: A New Dawn for HSR – What the FTC’s New Premerger Notification Requirements Mean for Private EquityThe FTC’s recent overhaul of its premerger notification requirements has culminated in a completely new HSR form, which recently became effective and now obligates parties to reportable transactions to disclose substantially more information to the antitrust agencies up front. What impact will these new requirements have on private equity firms now that they are in effect? In this Sidecar episode, Dechert antitrust partner James Fishkin and counsel Beverly Ang highlight a few key changes in the new rules and how PE firms should adjust in order to ensure compliance with the new regime.Show Notes
2025-02-1910 min
On RegCountry Edition: A Focus on France’s Unique Regulatory LandscapeIn this episode Dechert On Reg, host Angelo Lercara kicks off the new Country Edition series: Together with his guests, he will focus on different jurisdictions and explore the unique regulatory landscape of the countries in discussion. This time it is all about France, one of the most robust economies in the world: What should asset managers—both domestic and international—be aware of when raising capital there? With partner Cyril Fiat from Dechert’s Paris office, Angelo discusses France's economic indicators, investment behaviors of French individuals and institutional investors and the role of regulatory bodies such as the Autori...
2024-11-2737 minCommitted CapitalTaking Stock: Industry Leaders Discuss Private Equity’s Evolution and Future to Mark Dechert’s 40th Anniversary in PE2024 marks the 40th anniversary of Dechert’s global private equity practice. In this special episode, Blackstone’s Christopher James, KKR’s John Park, and AB Private Credit Investors’ Jay Ramakrishnan join Ken Young, co-chair of Dechert's corporate and securities practice and co-head of the global private equity group, to reflect on the evolution of the PE industry, from its humble beginnings to its current scale and complexity. Among other topics, they discuss the diversification of investment strategies from pure buyout shops to massive alternative asset managers, the evolution and the role of p...
2024-10-3034 min4 RealThe Download on Data Centers, U.S. Election Ripple Effects and Disney VacationsDechert 4 Real hosts Jon Gaynor, Ella Smith and Sam Gilbert sit down with Dechert finance & real estate partner Justin Gdula to discuss the latest trends in data center deals, real estate M&A activity and Canadian CMBS. Plus, Dechert partner Jay Southgate discusses the impact this November’s U.S. presidential election may have on commercial real estate finance, the hosts discuss their pleasant — and not-so-pleasant — experiences at “The Most Magical Place on Earth” and the podcast goes into dad joke overload.
2024-10-2928 minCommitted CapitalSidecar: The New EU FSR’s Impact on Private Equity TransactionsThe new EU Foreign Subsidies Regulation (FSR) aims to address potential market distortions caused by subsidies from outside the EU, introducing new European Commission reporting obligations for private equity firms. In this Sidecar, Dechert partners Saira Henry, Michael Okkonen, and Clemens York discuss how private equity firms can adopt proactive strategies and thorough due diligence to effectively navigate the new regime. Show Notes “The Regulatory Gauntlet: Dealmakers Face Increased Scrutiny,” Dechert OnPoint (Nov. 5, 2023)
2024-09-2609 min4 RealHow Climate Change, AI and Office Challenges Are Impacting CMBS With Erin Stafford From Morningstar DBRS What is the current state of commercial mortgage-backed security, or CMBS? Dechert 4 Real hosts Jon Gaynor, Ella Smith and Sam Gilbert invite the managing director and head of North American CMBS ratings activity at Morningstar DBRS, Erin Stafford, to the podcast to break down the current headwinds and opportunities in the CMBS space, from climate change’s impact on CMBS ratings to the industry’s emerging interest in data centers. Plus, Sam gives the 411 on New York City’s Safe Hotels Act, Dechert’s John Ludwig-Egan highlights an upcoming re-proposal of the Basel III Endgame rules and the hosts...
2024-09-2543 minOn RegUK EMIR Reporting Changes: Need to Know with a Month to GoChanges to the UK’s EMIR derivatives reporting regime take effect on Monday September 30, 2024.Dechert On Reg host Angelo Lercara is joined by Richard Chapman and Karen Stretch to discuss the changes, how they differ from those for EU EMIR that took effect earlier in 2024 and how in-scope firms can make sure they are prepared.Show Notes: EMIR Reporting: Changes Afoot - What You Need to Know – Dechert On Reg Episode 5 (Nov. 30, 2023)
2024-08-3027 min4 RealNavigating NAV and National Security in Commercial Real Estate with Ani Ravi and Hrishi HariDechert global finance partner Ani Ravi joins Dechert 4 Real hosts Jon Gaynor, Ella Smith and Sam Gilbert for an informative discussion about the relationship between NAV facilities, subscription lines and repo financing, the evolving nature and implementation of NAV facilities, potential NAV pitfalls and the growing interest in this market segment. Plus, Dechert national security partner Hrishi Hari joins the podcast to discuss recent developments with respect to national security reviews of foreign ownership in real estate. The hosts also share their Labor Day weekend plans and much more! Show Notes Lawyer Up: 16 Bi...
2024-08-2737 minCommitted CapitalSidecar: CFIUS, Springing Rights and the Equity StackDespite evaluating fewer transactions for potential national security risks, the Committee on Foreign Investment in the United States (CFIUS) is taking longer than ever to complete its reviews, significantly impacting deal closing timelines for PE transactions involving foreign investors. In this Sidecar episode, Dechert private equity partner Bernardo Piereck and national security partners Jeremy Zucker and Hrishikesh Hari discuss the current length of CFIUS reviews, insights into the Committee’s mitigation measures as detailed in its annual report to Congress, and steps that investors can take to structure their transactions with CFIUS considerations in mind.Show No...
2024-08-2713 min4 RealForecasting Year-End Commercial Real Estate and Driving Forklifts Through the OfficeDechert 4 Real hosts Jon Gaynor, Ella Smith and Sam Gilbert are joined by Barclays Head of CMBS Research Lea Overby to discuss commercial real estate trends we can expect in the second half of 2024, floating rate debt risk, lessons learned from the “Mall Apocalypse” and why “forklift offices” are better than “cave offices.” Plus, Dechert’s Steve Engel shares his thoughts on the Supreme Court’s recent Loper Bright decision. Show Notes Supreme Court Ends Chevron Deference Among String of Decisions Limiting Agency Power – Dechert OnPoint (July 2024)THE CRED: Legal & Business Insights for the Pri...
2024-07-1840 minOn RegUK Securitization Reform – What Fund Managers Need to KnowDechert On Reg host Angelo Lercara is joined by Dechert’s John McGrath, Richard Pugh and Aaron Scott for a deep dive on how the new UK securitization regulations – which go into effect November 1 – will affect fund managers and market participants, how the new UK rules compare with existing EU regulations, and what investors should be doing now to prepare for the changes. Show Notes:Countdown to Change: UK's New Securitisation Regime Effective from 1 November 2024 – Dechert OnPoint (May 2024)
2024-07-0329 min4 RealRolling into Summer with CREFC Roulette and the Biggest Takeaways from the June ConferenceDechert’s Jon Gaynor, Kate Mylod, Stewart McQueen and Matt Armstrong dive into the biggest conversations coming out of the 2024 CREFC Annual Conference in New York, including return-to-office trends, the “acceptance of reality” in the commercial real estate industry, what’s really happening in those “invitation only” sessions, and keynote speaker Trevor Noah’s poignant thoughts about airplane turbulence. Show Notes THE CRED – Private Credit News and Insights Dechert Co-Chair Mark Thierfelder’s Milken Institute 2024 Global Conference “The Promise and Pitfalls of Private Equity” Panel
2024-06-2042 minOn RegBreaking Down the UK’s New Anti-Greenwashing RuleThe UK’s Financial Conduct Authority is combatting greenwashing with a new rule designed to protect customers from investment firms’ false or misleading sustainability claims about their products. In this edition of Dechert On Reg, Angelo Lercara, Mikhaelle Schiappacasse and Simon Wright examine the FCA’s new sustainability disclosure safeguards and how they could impact asset managers in the near future. Show Notes: FCA’s Anti-Greenwashing Rule and Related Guidance: A Summary – Dechert OnPoint (May 2024)
2024-05-3013 minOn RegAIFMD 2.0: New Rules Impacting Loan Origination FundsThe latest episode of our On Reg podcast dives deep into the AIFMD's new rules and their transformative effects on loan origination strategies and fund management. Whether you're navigating the complexities of today's financial regulations or just interested in learning the latest industry developments, this episode is essential listening. Special guest Marianna Tothova offers her insights on what's changed for AIFMD, what's to come, and how it may affect your business.Show Notes:Dechert's World PassportDechert's World Compass
2024-05-2026 min4 RealCRE CLO Delinquencies, Unconstitutional CTA, Single-Family Rental (SFR) Financing and What Happens in Vegas...What impact do high interest rates and appreciating home values have on single-family rentals? In this episode of our 4 Real podcast, our hosts Jon Gaynor, Ella-Marie Smith and Sam Gilbert join Dechert partner Ken Hackman to discuss the popular single-family rental (SFR) asset class and the rise of 'build to rent' properties, while also providing insights into recent CRE CLO delinquencies and an Alabama Federal Court Ruling on the "unconstitutionality" of the Corporate Transparency Act (CTA). Plus, find out what happens in Vegas as our team shares their best Sin City adventures.
2024-03-1330 minCommitted CapitalThe Evolving Credit Secondaries MarketOn the back of a record-setting 2023, the secondary market delivered estimated volumes surpassing US$110 billion. The momentum for credit secondaries shows no sign of slowing down in 2024, but what are the key drivers and trends fueling its growth?In this episode, Dechert’s Nicole Macarchuk leads a discussion with Apollo’s Olga Kosters on how the secondaries market has evolved in recent years, the current market opportunity for LP and GP-led secondaries, why large asset managers are being drawn into the market, the top considerations from the buy-side, and more.
2024-03-1131 min
Watchlist8. Saltburn + filmek, amiket gáz, hogy nem láttunkSziasztok, kedves Watchlist-hallgatók!
A mai adás első felében az utóbbi időszak egyik legmegosztóbb filmjéről, a Saltburnről beszélgettünk, utána pedig felsoroltunk filmeket, amiket nagyon gáz, de még sosem láttunk.
Időkódok:
3:01 - Saltburn
26:48 - Filmek, amiket gáz, hogy nem láttunk
42:28 - Innentől vagyunk ketten Istivel
Itt tudtok megtalálni minket Instagramon és Letterboxdon (utóbbi egy olyan oldal, ahol naplózzuk a filmeket, amiket megnézünk, és általában írunk is r...
2024-02-181h 434 RealNPLs and Dolphins, the Proposed Basel III Endgame and Introducing Our PetsIn our latest episode, hosts Jon Gaynor, Ella-Marie Smith and Sam Gilbert are joined by Dechert partners Laura Swihart and Matthew Fischer to discuss non-performing loan securitizations (NPLs) and the unexpected collateral used in these transactions. We also chat about current issues in the commercial real estate market related to the proposed Basel III Endgame, which could increase regulatory capital charges for banks, and proudly introduce our pets.
2024-02-1435 minCommitted Capital2024 Global Private Equity Outlook: Trends and OpportunitiesA year of rising interest rates and slower growth has proved challenging for the global PE industry. Yet, notwithstanding a decline in fundraising and dealmaking over the past year, how are resilient managers overcoming today’s challenges and setting themselves up for success during 2024? In this special episode of Committed Capital, private capital and PE leaders from Hamilton Lane, Tikehau Capital, Capital Square Partners and Court Square Capital Partners offer their perspectives on the key findings from Dechert and Mergermarket’s 2024 Global Private Equity Outlook report, including the rise of G...
2024-01-171h 00On RegThe Impact of Upcoming Individual Accountability Rules on Irish-Regulated EntitiesThe Central Bank Individual Accountability Framework Act of 2023 is likely to have far-reaching implications on Irish-regulated entities. In this episode of Dechert On Reg, Doireann O’Daly, Mark Dillon and Simon Wright join host Angelo Lercara to discuss the impact on strengthening the individual accountability of senior executives in the operation of management companies, investment firms and fund boards in Ireland.
2023-12-2136 min
Watchlist7. Nem hagyományos karácsonyi filmekKedves Hallgatóink!
Az év utolsó adásában most ismét csak ketten beszélgettünk, ezúttal Csenge és Adél.
Mindenképpen azt akartuk, hogy stílszerűen a karácsonyi filmek legyen a téma, viszont most nem a tipikus, minden évben újranézős, nosztalgikus karácsonyi filmekről beszélgettünk, hanem 3 nem hagyományos karácsonyi filmről, amik 3 különböző okból nem hagyományosak.
Hallgassátok szeretettel, boldog ünnepeket kívánunk mindenkinek! Köszönjük szépen, hogy hallgattatok minket ebben az évben!
Jövőre ugyanitt!
2023-12-171h 164 Real4ward Legal Thinking, CRE Industry Updates and Festive Holiday TraditionsIn this episode of the Dechert 4 Real podcast, hosts Jon Gaynor, Sam Gilbert and Ella-Marie Smith share their predictions on trends and upcoming regulatory changes expected to drive commercial real estate industry developments in 2024. We touch on issues percolating in the market in our 411 segment, as guest John Ludwig-Eagan joins to discuss the latest updates on SEC Rule 192. And, we share our favorite (and festive!) holiday traditions. Show NotesSEC Releases Final Rule 192 Relating to Conflicts of Interest in Securitization, Dechert OnPoint (December 6, 2023).
2023-12-1533 minWatchlist6. PC-kultúra és queer-reprezentáció kedvenc tinisorozatainkbanDrága hallgatók!
Ebben az adásban most csak ketten - Isti és Adél - beszélgettünk, mégpedig a kedvenc tinisorozatainkról, pontosabban arról, hogy ezekre milyen queer-reprezentáció jellemző. Melyikben találkoztunk először queer-reprezentációval, hogyan hatott ez ránk, mi a PC-kultúrához való viszonyulásunk, és milyen módon alakult mindez az évek során.
Hallgassátok szeretettel!
Időkódok:
05:01 - Melyik sorozatban találkoztunk először queer-reprezentációval, milyen volt régen sorozatot nézni?
...
2023-12-071h 35On RegEMIR Reporting: Changes Afoot - What You Need to Know2024 heralds significant changes to the EMIR reporting regime in both the EU and the UK. All market participants that enter into derivatives – from asset managers to investment firms – are likely to be impacted. In this episode of Dechert On Reg, host Angelo Lercara is joined by Karen Stretch, Richard Chapman and Philippa List who together take a look at the EMIR reporting requirement, the changes coming and how to prepare.
2023-12-0433 min4 RealCommercial Real Estate in the UK, Plus the Corporate Transparency Act, Cayman Updates and Halloween TreatsIn this episode, co-hosts Jon Gaynor, Sam Gilbert and Ella Smith welcome global finance partner Aparna Sehgal of Dechert’s London office to compare and contrast the CRE market in the UK with that of the U.S. The group also gives updates on the Corporate Transparency Act and the grey list status of the Cayman Islands, and shares their Halloween costumes from this year’s festivities. Show NotesCorporate Transparency Act“Two Months to Midnight for Securitizations: The Corporate Transparency Act Drops on January 1, 2024,” Dechert OnPoint (November 2, 2023).UK Economic...
2023-11-0735 minCommitted CapitalPrivate Equity Investments in Food and AgricultureIn recent years, the food and agricultural sector has seen growing interest from private equity investment. Driven by an increased demand for food, environmental, social and governance issues, as well as an awareness of climate change, investor interest in sustainable agriculture is set to continue and grow. What are the key drivers behind this trend? In this episode, Dechert’s Nick Marchica leads a discussion with Blue Road Capital’s David Blue and Farmers Gate’s Daniel Fabian on what makes investing in food and agriculture so appealing, how investors can innovate to meet the increasing demand, and the trends...
2023-11-0230 minWatchlist5. "Nyomasztó, hogy ezt érezzük otthonosnak" - Magyarázat mindenre és Reisz Gábor filmográfiájaA mai epizódban az év legfontosabb magyar filmjéről beszélgettünk, Reisz Gábor harmadik nagyjátékfilmjéről, ami a Magyarázat mindenre címet viseli.
Emellett szót ejtettünk a magyar film helyzetéről, illetve Reisz Gábor másik két filmjéről, a VAN-ról és a Rossz versekről is.
Hallgassátok szeretettel, és mindenki menjen el megnézni a filmet, ezt minden magyar embernek látnia kell!
Időkódok:
1:39 - Reisz Gábor munkásságának rövid bemutatása, eddigi élményeink a filmjeivel
8:48 - Magyarázat mindenre (2023)
20:45 - k...
2023-10-0858 minWatchlist4. Miket láttunk mostanában - Szörnyeteg, Poor Things, Past Lives és sok másSzervusztok, kedves Watchlist hallgatók!
Egy hosszabb szünet után most egy újabb Miket láttunk mostanában résszel készültünk nektek, amiben jó sok filmről beszélgetünk, az első fél órában hárman, a második felében pedig csak ketten Csengével, mert Istinek el kellett mennie.
Mi nagyon szerettük felvenni ezt a részt, vágni is kifejezetten jó volt, reméljük, nektek is tetszeni fog!
Időkódok:
03:10 - Szörnyeteg (2023)
15:10 - Űrpiknik (2021), Zanox (2022), Veszélyes lehet a fagyi (2022)
25:47 - a magyar filmekről általánosságban
30:29 - Római vakáció (1953)
32...
2023-09-241h 18On RegAIFMD 2.0In the third episode of Dechert On Reg, we discuss a profound piece of legislation for the asset management sector - the Alternative Investment Fund Managers Directive or AIFMD. Now, after more than 10 years, the European Union legislator is contemplating revisions commonly referred to as AIFMD 2.0. Angelo Lercara, Patrick Goebel, Philippa List, and Marianna Tothova consider the impact of the upcoming reforms and discuss the provisional agreement reached among the co-legislators.
2023-09-0630 min4 RealCRE Litigation Trends, Lending Order Disruptions, Article 7 Reporting Updates and Nerdy Beach ReadsIn our latest episode, hosts Jon Gaynor, Sam Gilbert and Ella-Marie Smith welcome Dechert partner Mauricio España to discuss recent trends in CRE litigation, and how clients are more inclined than ever to work towards resolution. The group also chats about possible disruptions to the lending order as banks continue to pull back, including predictions as to who may step up, developments to Article 7 reporting affecting securitizations that may present liquidity opportunities for the market, and the non-business books they’re reading to close out the summer. Show Notes:“Update on the N...
2023-09-0538 minOn RegRated Funds DevelopmentsIn the second episode of Dechert On Reg, host Angelo Lercara and Dechert partner Lindsay Trapp discuss developments from the U.S. National Association of Insurance Commissioners' (NAIC) 2023 Summer Meeting. The episode explores expanded definitions for "principles-based bonds" and “residual tranches" and their impact on rated feeder funds and collateralized fund obligations (CFOs), as well as proposed amendments to the NAIC's Securities Valuation Office (SVO)’s discretion over NAIC Designations assigned through the filing exemption process.
2023-08-2930 min
Committed CapitalSidecar: FTC Proposes Substantial Changes to HSR Filings – How Will It Affect Private Equity?The FTC has proposed a complete overhaul of filings related to the Hart-Scott-Rodino (HSR) Act. In this episode of Committed Capital Sidecar, Dechert's James Fishkin, Rani Habash and Beverly Ang discuss the key proposals likely to impact private equity firms and deal timing.
2023-08-2312 min
Committed CapitalSidecar: The New U.S. Outbound Investment Regime and Considerations for Private EquityPresident Biden signed a highly anticipated Executive Order on August 9 to establish the foundation for a U.S. outbound investment regime. In this podcast, Dechert national security partners Jeremy Zucker, Darshak Dholakia and Hrishikesh Hari examine the Biden Administration’s proposal and related considerations for the private equity community.
2023-08-1515 minWatchlist3. Barbenheimer - internetes jelenség és két nyári blockbusterÜdvözlünk minden kedves Watchlist hallgatót!
Gondoltuk, érdemes lenne beszélni 2023 egyik legfontosabb filmes jelenségéről, a Barbenheimerről, ami az egy napon megjelent Barbie-t (r. Greta Gerwig) és Oppenheimert (r. Cristopher Nolan) foglalja magába. Bár a két film nem feltétlenül lett volna soha egy lapon említve, ha nem ugyanazon a napon jelennek meg, így valószínűleg senkinek nem jutott volna eszébe összehasonlítani őket, viszont mivel végül így alakult, amellett, hogy külön-külön beszélünk a két alkotásról, összevetettük őket néhány szempont...
2023-08-131h 42Committed CapitalPrivate Credit: State of the MarketBanks have reduced their lending activities to private companies of all sizes over the last 10 to 15 years and bank regulators have continued to pressure banks to remain on the sidelines in this lending market. Private credit providers have not only stepped in to fill this void, they have also significantly grown their share of the large company lending market. This explosive boom in private lending has been supported by larger fundraising vintages and expanded origination capabilities, including offering competitive lending terms compared to the bank and syndicated loan markets. What are the drivers behind this growth, and where is...
2023-08-0934 min4 RealDistressed Debt in CRE: Silver Linings, a War Story From the GFC and the Dog Days of SummerIn our latest episode, hosts Jon Gaynor, Sam Gilbert and Ella-Marie Smith welcome Dechert partner Laura Ciabarra to discuss distressed debt in CRE, including market trends, some silver linings that may surprise you, and a war story from the GFC. The group also chats about developments in Boston related to office to resi conversion, a bankruptcy case that could impact the meaning of funding in a lender's sole discretion, and their favorite activities during the dog days of summer. Learn more: Federal Regulators Adopt a New Policy Statement on Prudent Commercial Real Estate L...
2023-08-0434 minOn RegUK Mansion House Reforms and ELTIF 2.0 UpdatesIn our first episode, host Angelo Lercara explores the latest trends and challenges facing the European asset management sector with Dechert colleagues Colin Sharpsmith, Simon Wright and Matthias Kerbusch, including the future regulatory framework of the UK, the retailization of private assets and the European Long-Term Investment Fund (ELTIF) regime. Listen now.
2023-07-2719 min4 RealSEC’s Securitization Conflict of Interest Rule, Cayman Island Updates and Favorite Vacation SpotsIn our latest episode, co-hosts Jon Gaynor and Ella-Marie Smith welcome Dechert global finance associate, John Ludwig-Eagan, to discuss the SEC’s new Conflict of Interest rule regarding securitizations. The group also debates whether the Cayman Islands will move off the FATF’s grey list, shares favorite vacation spots – complete with meal recommendations – and launches the “4-1-1” and “4 Real High Fives.”Read more about the SEC’s Securitization Conflict of Interest Rule here: https://www.dechert.com/knowledge/onpoint/2023/2/the-return-of-dodd-frank-rulemaking.html
2023-07-0627 min4 RealCrisis Averted: Navigating Recent Bank Closures, Plus LIBOR’s Final DaysIn our inaugural episode, co-hosts Jon Gaynor, Sam Gilbert and Ella Marie Smith and our first guest, Dechert New York partner Kathleen Mylod, share their thoughts on the recent bank closures, the related impact on cash management provisions in loans (today and on a go forward basis), and the world’s best/worst/only LIBOR joke.Read more about the recent banking closures in Dechert’s “Crisis Averted” articles here: https://bit.ly/3nyHGTu
2023-05-0532 minCommitted CapitalPrivate Equity Financings: Market Trends and ConditionsIn recent months, debt financing for new acquisitions and recapitalizations has become more difficult to source. When available, it is also more expensive and subject to stringent conditions amid continued macroeconomic challenges and prolonged high interest rates. Where does PE financing stand and what does the current challenging market mean for the future deal dynamics? In this episode, Dechert’s Soo-ah Nah leads a discussion with Anne-Marie Peterson of Baird and Scott Grass of Main Street on the latest market trends and conditions.
2023-04-2829 minCommitted CapitalThe Current Environment for Workouts and RestructuringsToday’s distressed market faces headwinds as a result of macro uncertainty, rising inflation and increasing financing costs. What are the opportunities and challenges for private equity investors and their investment strategies in the current environment? In this episode, Dechert’s Stephen Zide leads a discussion with Kevin O'Neill of KKR and Michael Schwartz of SVPGlobal on the latest developments and considerations relating to workouts and restructurings.
2023-03-2226 minCommitted Capital2023 Global Private Equity Outlook: Industry ResilienceToday's private equity landscape stands in contrast to the anomalous levels of activity in 2021. Rising interest rates, a looming economic downturn and geopolitical tensions have impacted deal activity, yet fundraising and buyouts remain above pre-pandemic levels. How are dealmakers finding creative solutions and opportunities during these uncertain times? In this special episode of Committed Capital, industry leaders from AllianceBernstein, Eurazeo and Primavera Capital Group offer their perspectives on findings from the 2023 Global Private Equity Outlook report published by Dechert and Mergermarket, including the appetite for buy-and-build strategies, the growth of retailization, continued expansion of private credit financing a...
2023-01-2455 minCommitted CapitalThe Retailization of Private Equity in Europe: A Growing PhenomenonTraditionally private market opportunities have only been available to accredited investors, but the industry is reshaping, driven by retail investors seeking alternative sources of returns and a greater emphasis on investment diversification. What are the key drivers, growth opportunities and operational implications behind this trend? Dechert’s Sabina Comis leads a discussion with Rothschild’s Jessica Sellam and KKR’s Mark Tucker on the latest developments and considerations relating to the “retail revolution” of private equity in Europe.
2022-10-3124 minCommitted CapitalHealthcare M&A: State of the Market and Future Trends ExploredFollowing a record year in healthcare M&A, headwinds have begun to blow and conditions have changed. In a special episode of Committed Capital recorded live at Dechert's Healthcare & Life Sciences Deals Conference in London, Gregory Schernecke leads a panel discussion with Charles Hoare of Stifel, Daniel Thomas of Covestus Healthcare and Sophie Pelé on the opportunities, challenges and trends at play for healthcare investing in a dynamic marketplace.
2022-10-0636 minCommitted CapitalEuropean PE Funds Expanding into the U.S. – A New Trend in Globalization?Today’s private equity market is considered to be a broad and highly globalized industry, historically driven by U.S. and U.K. firms expanding into Continental Europe and Asia. Of late, a number of European PE funds have expanded into the U.S. What are some of the key drivers behind this trend? Dechert’s Dominik Stühler leads a discussion with EQT Partners’ Eric Liu and Hg Capital’s Steve Burn-Murdoch on the primary aspects making the U.S. market an attractive space for European funds, as well as some of the associated challenges and risks.
2022-07-0731 min
Committed CapitalSidecar: Delaware, Sandbagging and PE TransactionsDelaware recently reaffirmed its status as a sandbagging state, allowing buyers to bring claims against sellers for breaches of representations and warranties, despite buyers' awareness of these breaches before closing. In this Sidecar episode of Committed Capital, Dechert's Christian Matarese and Daniel Rubin discuss the arguments for and against sandbagging, new guidance from the Delaware Court of Chancery on sandbagging under Delaware law, and market practice on this deal point.
2022-04-0813 min
Committed CapitalSidecar: Hot Documents in Merger ReviewThe way in which senior executives and bankers communicate about deal synergies and themes can carry great weight in government merger investigations. In this Sidecar episode, Dechert's antitrust partners discuss the firm’s Boiling Point collection, which tracks government use of hot documents in merger investigations and enforcement, as well as ways in which deal makers can reduce antitrust risks in their communications.
2022-03-2914 minCommitted CapitalPrivate Equity Investment in the Financial Services SectorThe financial services sector has long been seen as an attractive area for private equity investment, and the deal activity levels we are seeing in today’s market are especially robust. What are some of the key drivers behind this trend? Dechert’s Steve Pratt leads a discussion with Alderwood Capital’s Jon Little and Estancia Capital Partners’ Takashi Moriuchi on the latest key developments and considerations relating to private equity investments in the financial services industry.
2022-03-1815 min
LIBORcastAn Update on Rate Caps and Derivatives with Chatham FinancialWhile the ARRC’s December 2021 deadline for no new LIBOR has come and gone, several market participants are still making new LIBOR contracts. The market is also adjusting to the expectation of rising interest rates in the near future. How is this all of this impacting interest rate caps and swaps, and what is the way forward? In this episode, Dechert's Christopher Desmond and Jonathan Gaynor welcome back Chatham Financial's Rob Mangrelli and Matt Hoffman to discuss these developments, including the status of SOFR interest rate caps.
2022-02-2730 minCommitted CapitalPrivate Equity Secondary Transactions – Continuation FundsA key feature of the surge in GP-led secondaries transactions – and in last year’s record breaking $130bn+ secondaries market activity as a whole – has been the rolling of portfolio company assets into continuation funds, which offer GPs more flexibility on hold periods and value creation for their LPs. In this episode, Dechert’s Thiha Tun leads a discussion with Kroll’s David Lee and Columna Capital’s Michael Tose on this trend and whether it will continue.
2022-02-2529 minCommitted Capital2022 Global Private Equity Outlook: Record Deal Volumes, Private Credit, Growth Equity, Secondaries, SPACs, ESG and Sector HighlightsThe unprecedented deal activity within the private equity industry shows little signs of letting up. With record deal volumes, historically low interest rates and huge amounts of dry powder, will the scorching-hot market continue? In this special episode of Committed Capital, industry leaders from KKR and Partners Group offer their perspectives on findings from Dechert and Mergemarket’s 2022 Global Private Equity Outlook report, as well as the rise of growth equity and structured equity investments, an increase in GP-led secondaries resulting from the COVID-19 crisis, the market’s appetite for SPACs, the continued focus on private credit, asset management dive...
2022-01-2437 min
Wegfinder(1) NeulandÜber uns und unsere Zuversicht für die Zukunft.„Wegfinder“ ist ein Podcast von ERF – Der Sinnsender. Wir freuen uns über Feedback unter www.erf.de/wegfinder .Mehr von und über uns persönlich:
Jörg Dechert: www.pixelpastor.com
Uwe Heimowski: www.heimowski.net
2022-01-2250 minCommitted CapitalSidecar: FTC’s New Prior Approval Policy – Impact on Risks and Deal TermsThe U.S. FTC recently announced it would seek “prior approvals” in certain merger enforcement actions, subjecting merging parties to a veto on future deals. In our sixth Sidecar episode, Dechert antitrust partners Craig Falls and Jim Fishkin discuss how prior approvals work, when they would apply, and how they are expected to impact dealmaking strategies and risks between merging parties.
2021-12-1014 minLIBORcastA Conversation with Adam Schneider from Oliver WymanWhere does the LIBOR transition currently stand and what can we expect in 2022? In this 18th episode, Dechert’s Christopher Desmond and Jonathan Gaynor pose these questions to Oliver Wyman’s Adam Schneider. Our speakers also discuss the use and viability of alternative rates to LIBOR available today, proposed legislative solutions for legacy contracts and more.
2021-10-2927 minCommitted CapitalTrends in Equity Co-InvestmentsA critical feature of any co-investment is to ensure alignment with the lead sponsor. How do co-investors protect themselves from potential misalignment, and what are some other key considerations for co-investors in making their investments? Dechert’s Jonathan Kim leads a discussion with AB Private Credit Investors’ Brent Humphries, Ardian’s Patrick Kocsi and Hamilton Lane’s Demetrius Sidberry on challenges, trends and developments related to equity co-investments.
2021-09-1524 min
Committed CapitalSidecar: Rep and Warranty Insurance – Latest Trends and DevelopmentsWhat is the current state of the rep and warranty insurance market, and what are the recent developments impacting coverage, premiums and exclusions? In our fourth Sidecar episode, Dechert private equity partner Mark Evans and rep and warranty insurance experts Craig Schioppo and Emily Standen from Marsh JLT Specialty discuss how the market has evolved in response to SPACs, secondaries and other trends as well as the impact of synthetic policies and other innovations in the sector.
2021-07-2612 minLIBORcastDemystifying the Trust Instruction Proceeding with Wells Fargo’s Mike JohnsonWhat should securitization trustees be concerned about regarding the LIBOR transition? In this episode, Dechert’s Matthew Hays and Wells Fargo Senior Company Counsel Mike Johnson discuss how issuers, investors and servicers can prepare for the transition as well as whether trust instruction proceedings (TIPs) may be used in connection with LIBOR language or whether legislative solutions will address discretion and ambiguity in documents.
2021-07-0726 minCommitted CapitalFirst 100 Days: Legal Pitfalls and Opportunities for New PE FundsThe acquisition of a target is the beginning of a new long-term relationship between a management team and a fund. What are some of the opportunities and challenges that this relationship creates at the outset? In this episode, Dechert’s Bernardo Piereck leads a discussion with Graham Partners’ Tracy Burzycki and AHEAD’s Andrew Szafran on the first 100 days of a portfolio company’s ownership by its first or a new PE fund.
2021-07-0130 minLIBORcastLIBOR and the Loan Markets with LMA’s Kam MahilLoan market products are widely viewed as presenting some of the more complex issues to be addressed in order to achieve a successful transition away from LIBOR. In this 16th episode, Kam Mahil of the Loan Market Association (LMA) discusses aspects of LIBOR transition relevant to the international loan markets with Dechert's Sarah Smith and Karen Stretch. The session offers a wide-ranging discussion of the LMA’s work in the area and much more, including insights into the hot topics of term rates and credit sensitive rates, as well as a look at the road ahead.
2021-05-3140 minCommitted CapitalSecondaries: Dry Powder and Paradigm ShiftsWhat’s behind the incredible demand in the PE secondaries market? In this episode, Dechert’s Dean Collins leads a discussion with Coller Capital’s Francois Aguerre and Lazard’s Nick Miles on the latest trends in the space, including the buoyancy of the fundraising market and the types of deals being originated and executed to deploy enormous amounts of dry powder.
2021-05-2735 minLIBORcastFreddie Mac on Market Leadership During LIBOR TransitionWill borrowers accept SOFR? In the 15th episode of our LIBORcast series, Dechert’s Matthew Hays and guests from multifamily market leader Freddie Mac discuss the latest on SOFR and the broader LIBOR transition from a legal, origination, servicing and investing perspective, including Freddie Mac’s background in originating SOFR loans and securitizing them with SOFR-based bonds. Other topics include operational and outreach challenges, market preparedness, credit-sensitive rates, the availability of LIBOR caps and more.
2021-05-0426 minCommitted CapitalESG and Asset Management: Challenges and OpportunitiesHow will recent EU regulatory developments and the change of U.S. administration impact ESG in asset management? In this episode, Dechert’s Mikhaelle Schiappacasse, a London-based financial services partner, leads a discussion with Planet First Partners’ Andreea Constantinescu and SilverStreet Capital’s Gary Vaughan-Smith on the latest developments in ESG investing, its role in capital raising and anticipated future trends.
2021-04-2524 minLIBORcast"One Rate to Rule Them All:” KKR’s Tal Reback on LIBOR TransitionWhat impact have the March 2021 ICE Benchmark Administration (IBA) announcements had on LIBOR transition efforts? In this episode, Dechert’s Matthew Hays and KKR’s Tal Reback discuss where preparations for the transition stand today as well as the impact of a multi-rate environment, whether the market should wait for term SOFR and more.
2021-04-0630 minCommitted CapitalEuropean Restructurings and the Evolving Role of Alternative Asset ManagersWhat types of distressed debt opportunities are available for alternative asset managers in Europe? In this episode, Dechert’s Solomon J. Noh, a London-based restructuring partner, leads a discussion with GLAS Agency’s Natasha Chan and Goldman’s Matthew Whiting on the evolution of restructurings in Europe, the role private equity houses and other alternative asset managers are playing in shaping the restructuring landscape, and what the future holds for investments in distressed debt.
2021-03-3022 min
Committed CapitalSidecar: FTC Suspends HSR Early Termination – How Will It Impact Deal Timing?The FTC recently suspended “Early Termination” for deals that are reportable under the Hart-Scott-Rodino (HSR) Act. In our second Sidecar episode, Dechert antitrust/competition partner James Fishkin and counsel Beverly Ang discuss the suspension and its impact on private equity firms, as well as proposed changes to HSR rules that may have a long-term impact.
2021-03-1610 minLIBORcastISDA’s Scott O’Malia on Transition State of PlayDo recent developments mean "pens down" on LIBOR transition plans? And how do those developments affect ISDA’s work on benchmark reform? In this 13th episode of the Dechert LIBORcast, Matt Hays and Karen Stretch pose these questions and more to ISDA CEO Scott O’Malia.
2021-02-2329 minCommitted CapitalManaging Cybersecurity Risk in Private Equity Transactions: Investing in the Modern AgeWith cyberattacks increasing dramatically in both frequency and sophistication over the past year, cybersecurity preparedness has become more important than ever for private equity investors, and expected by PE investors’ limited partners. In this episode, Brenda Sharton, co-chair of Dechert’s Global Privacy and Cybersecurity practice, leads a discussion with industry specialists Jessica Pizzo of Court Square Capital Partners and John Ansbach of global forensic firm Stroz Friedberg on the importance of evaluating cybersecurity risk as part of due diligence efforts, as well as best practices for mitigating risks post-investment, and steps to take should your organization become a vict...
2021-02-2230 minCommitted CapitalSidecar: The Corporate Transparency Act – Will My Business Be Affected?Committed Capital Sidecar is our new, bite-sized feature which quickly covers a key development affecting the private equity industry.In this inaugural Sidecar episode, partners from Dechert’s global private equity practice discuss the administrative and compliance burdens that businesses may face with the recent passage of the U.S. Corporate Transparency Act. Aimed at preventing money laundering and the financing of terrorism through shell companies, the Act requires business entities formed or operating within the United States to disclose the identity of their beneficial owners. The discussion also examines international initiatives in this area and the li...
2021-02-1708 minCommitted CapitalA Strong Recovery? PE Life Sciences and Healthcare Investment Opportunities in 2021How did PE investments in life sciences and healthcare fare in 2020, and what do this year and future years have in store for those sectors? In this episode, Dechert's Robert Darwin and senior PE leaders with experience at Blue Ox Healthcare, Mid Europa Partners, TPG and GHO Capital discuss key themes and opportunities affecting private equity investment in life sciences and healthcare and how the market is shaping up in the U.S. and Europe, in 2021 and beyond.
2021-01-2625 minLIBORcastNew Year’s Resolutions for LIBOR with Oliver WymanWill 2021 bring us closer to a replacement for LIBOR? In the 12th episode of our LIBORcast series, Dechert’s Matt Hays and Adam Schneider, an Oliver Wyman partner and LIBOR lead, discuss where the transition stands at year-end, including the economic impact of the LIBOR extension, the future and timing of Term SOFR, market preparedness and engagement, ISDA protocol adherence and legislative solutions.
2020-12-2130 minCommitted CapitalSPACs, Election Impact and Industry Resilience: 2021 Global Private Equity OutlookAfter a surprising surge in Q3 2020, will private equity buyout activity remain strong in 2021? In this special episode, industry leaders from First Atlantic, H.I.G. Capital and One Equity Partners offer their perspectives on findings from Dechert and Mergemarket’s 2021 Global Private Equity Outlook report as well as the global trends likely to impact dealmaking in the year ahead, including the resilience of the industry in the face of COVID-19, implications of the U.S. election, SPACs as an exit path for PE sponsors, and more.
2020-12-1552 minLIBORcastGoldman Sachs MD Jason Granet on LIBOR Extension NewsThe IBA’s announcement that it is consulting on plans to extend LIBOR until June 2023 is welcome news to many market participants, but will it pave the way for a smoother transition? In this episode, Dechert’s Matt Hays and Goldman Sachs managing director Jason Granet discuss the latest news on the extension and how industry participants can make the most of the extra time to better prepare for LIBOR’s eventual replacement.
2020-12-0930 minLIBORcastLIBOR Transition Through a Buy-Side Lens with AIMA’s Adam Jacobs-DeanIs LIBOR transition a sell-side issue only, as some have suggested? In this episode, Dechert's Sarah Smith and Karen Stretch discuss what the transition means for the buy-side with Adam Jacobs-Dean of the Alternative Investment Management Association (AIMA), as well as what AIMA members are saying about the impact of LIBOR transition on derivatives, cash products and formulae for the calculation of performance fees.
2020-11-1831 minLIBORcastTiming, Alternative Rates and Tough Legacy Issues with the Federal Reserve BoardCould LIBOR be unavailable before 2022? Dechert and David Bowman of the Federal Reserve’s Board of Governors discuss the likelihood that regulators further specify the timeline for discontinuance as well as whether market participants should wait for Term SOFR before moving away from LIBOR and what they should do about their tough legacy instruments. Original episode date: October 27, 2020
2020-11-1034 minLIBORcastLSTA Addresses LIBOR Transition Impact on Loans and CLOsCould Daily Simple SOFR be the best replacement rate for the loan market? Dechert and LSTA’s Meredith Coffey discuss why that may be the case, as well as which parts of the market are most prepared for the LIBOR transition and what CLO and loan market participants should be thinking about when they’re looking at their portfolios. Original episode date: October 23, 2020
2020-11-1025 minLIBORcastSFA’s Kristi Leo on Market FragmentationCould the LIBOR transition be delayed if it proves too chaotic? Dechert’s Matt Hays and Kristi Leo of the Structured Finance Association discuss the possibility, as well as concerns over market fragmentation if participants elect to use different benchmark rates. Episode date: October 5, 2020
2020-11-1028 minLIBORcastLender Preparedness with Mortgage Bankers Association’s Mike FloodAre all lenders ready for the LIBOR transition, regardless of size? In this episode, Dechert and Mike Flood of the Mortgage Bankers Association (MBA) discuss whether the transition is likely to be smooth sailing or chaos, when we may see the first conventional lending based on SOFR, and what the MBA is doing to help the market adjust. Original episode date: September 17, 2020
2020-11-1024 minLIBORcastInterest Rate Caps, Derivatives and Value Transfer with Chatham FinancialWhat is the current state of the derivatives market, and could the LIBOR transition lead to market fragmentation? In this episode, Dechert and guests from Chatham Financial discuss the latest on SOFR interest rate caps, the price of SOFR-based products, value transfer in the LIBOR transition and more. Original episode date: August 14, 2020
2020-11-1033 minLIBORcastLIBOR Transition: The Rating Agency PerspectiveHow will the payment of interest be affected by the transition from LIBOR to another reference rate? Dechert and guests from Fitch Ratings discuss what to expect, as well as the credit rating agency’s perspective on operational, legal, reputational and basis risks. Original episode date: July 21, 2020
2020-11-1028 minLIBORcastISDA’s Ann Battle on Benchmark ReformWhat role does the International Swaps and Derivatives Association (ISDA) have in the LIBOR transition? In this episode, Dechert and ISDA’s Ann Battle take a whistle-stop tour through benchmark reform, including what the buy-side can expect, considerations for late-adopters, the scope of ISDA’s impact on other trades and more. Original episode date: May 19, 2020
2020-11-1034 minCommitted CapitalThe Market for Private Equity FinancingHow is the PE industry approaching deal financing in the current environment? In this episode, Dechert and guests from Ares Management, KKR and Vista Credit Partners discuss the latest trends shaping the market, including bank and non-bank lender reactions to COVID, fund portability, the finance landscape for tech and other noteworthy sectors, and where the market may be headed next.
2020-10-1432 minCommitted CapitalGetting Deals Done in the Current EnvironmentWhat does it take to get deals done in the current environment? Dechert breaks it down, along with guest speakers from Cerberus Capital Management, First Atlantic Capital, and Blackstone. We discuss what types of deals took place in the early stages of the COVID-19 coronavirus pandemic, what types of deals they are doing now, and how they’re getting the deals done.
2020-09-0127 minCommitted CapitalPrivate Equity Outlook for 2020: Current Trends and Moving ForwardWhat are the biggest opportunities and challenges facing the private equity industry in the remainder of 2020? Dechert has the answers, along with guest speakers from Court Square Capital Partners, KKR, Partners Group, and Morgan Stanley Capital Partners. They break down fundraising and deployment of capital, deal structures, and debt financing, among other topics.
2020-08-0632 min