Shows
Money For the Rest of UsHow to Invest in Private Credit / Direct LendingWe explore what private credit, or direct lending, is and how to invest in it. We also show how it is similar and different from investing in leverage loans and CLOs.Topics covered include:Why more companies are staying privateHow private credit differs from the leverage loan marketWhy private credit is growing so rapidlyWhat are the benefits to private credit investingWhat are liquid and less liquid ways to invest in private creditSponsorsStawberry.me AcornsInsiders Guide Email NewsletterGet our free Investors' C...2025-01-2926 min
FEI PodcastPrivate credit and jumping into a dark debt market with Harvard’s Jared ElliasOver the past year the private credit market has gained a strong foothold in borrowing, muscling banks out of the syndicated and traditional C&I loan market and even spiriting corporates out of issuing bonds.
Borrower benefits for these fund-driven debt deals are numerous, including faster execution and tailored terms. But while private debt deals aren’t new, their rapid takeover of corporate borrowing brings up a host of risk and long-tail issues for debtors and regulators.
In this episode of the FEI Weekly podcast we speak with Jared Ellias, of Harvard Law school, who di...2024-09-3030 min
Odd LotsThe Black Hole of Private Credit That's Swallowing the EconomyThere's been a lot of talk about private credit in recent years. The market has exploded in size, and there are worries that it could be a bubble that eventually bursts and sparks disaster. But there are other negative effects from private credit that might already be happening. In a new paper called "The Credit Markets Go Dark," co-authors Harvard Law School professor Jared Ellias and Duke University School of Law professor Elisabeth de Fontenay argue that the $1.5 trillion market for private credit is already having a big impact on the economy — and not in a good way. They sa...2024-09-0254 min
Business Scholarship PodcastJared Ellias on Bankruptcy DirectorsJared Ellias, professor of law at Harvard University, joins the Business Scholarship Podcast to discuss his article The Rise of Bankruptcy Directors, which he co-authored with Ehud Kamar and Kobi Kastiel of Tel Aviv University. In this article Ellias and his co-authors present an empirical study of the rise of independent directors—traditionally a corporate-law concept—in Chapter 11 bankruptcies. The study finds that although “bankruptcy directors” may be presented as neutral experts who help maximize creditor recoveries, their appointments are associated with on average 20% reductions in unsecured-creditor recoveries.
This episode is hosted by Andrew Jennings, assistant professor at Brook...2022-07-2000 min
Octus RadioAmericas Core Credit: The Rise of Bankruptcy Directors (Aug. 8, 2021)On this week’s podcast the Americas Core Credit by Reorg’s Sean Daly speaks to Jared Ellias, Bion M. Gregory Chair in Business Law and Professor of Law at UC Hastings College of the Law, who has recently published a paper with Ehud Kamar and Kobi Kastiel titled, "The Rise of Bankruptcy Directors." The paper analyzes the proliferation of bankruptcy experts who often join a board of directors on the eve of a bankruptcy filing as “independent directors,” and the impact of such directors on bankruptcy outcomes, including creditor recoveries.
If you are not a Reorg subscriber, request access here: go...2021-08-0952 min
The DealFresh Start: Professor Jared ElliasOn this week’s Fresh Start podcast, UC Hastings Law professor Jared Ellias discusses his new paper, which quantifies a trend gaining increasing attention, the increase in corporate directors with bankruptcy experience on the boards of companies entering Chapter 11.2021-07-2237 min
Boardroom Governance with Evan EpsteinJared Ellias: "The Elevation of the Board is an Important Trend in the Bankruptcy Process"Intro.(1:39) - Start of interview.(2:15) - About UC Hastings and the Center for Business Law [that we are building together!](5:10) - Jared's "origin story": he grew up in Michigan, attended the U. of Michigan (BA political science) and Columbia Law School (JD). A book on the bankruptcy of Marvel Comics led him to bankruptcy law and practice. After graduation he joined Brown Rudnick in NYC (’07-’11). He later joined academia as a Teaching Fellow and Lecturer in Law in Corporate Governance & Practice at Stanford Law School ('11-'14). He joined the UC Hastings Faculty in 2014.(9:38) - Start of discussion about his...2021-07-0645 min
Octus RadioReorg Americas: Interview with Jared Ellias on PG&E (Feb. 24, 2019)The team takes a look back at the past week and previews what's to come in the week ahead, and our deputy managing editor Angelo Thalassinos interviews UC Hastings Law professor Jared Ellias on the PG&E situation.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial2019-02-2428 min