In this episode of SCI In Conversation, Christophe Fritsch, global head of alternative credit at AXA IM Alts, speaks with associate editor Marta Canini about the firm’s new diversified evergreen private credit strategy. Fritsch also discusses rising institutional and retail demand, the impact of ELTIF 2.0, sourcing in a crowded market, and why 2025 could be a defining year for ABF. We recorded this episode in May, and while markets have continued to shift since then, the themes discussed remain incredibly relevant.

In this episode of SCI In Conversation, Scott Frame, senior vice president and deputy head of research, at the Bank Policy Institute in Washington DC, talks to US editor Simon Boughey about how post-GFC regulation capped growth in the securitisation market and what types of beneficial changes might emanate from the current administration. 

In this episode of SCI In Conversation, ABS markets editor Selvaggia Cataldi speaks with Darrell Purcell, director of EMEA structured finance at S&P Global Ratings, about how securitisation is being used to fund digital infrastructure assets such as data centres and fibre networks. They explore how these deals differ from traditional ABS, what rating agencies look for and the unique risks and opportunities in this evolving space. From lease structures to market expansion beyond FLAP-D, they unpack what’s driving growth – and what could be next – for digital infrastructure securitisations.

In this episode of SCI In Conversation, Simon Boughey, US editor, talks to Ujjaval Desai, head of structured products investing at Sound Point Capital. Ujjaval invests in the equity and mezz tranches of the CLO market, and here he talks about where he sees value currently, and what yield targets he aims to hit.

[Guest disclaimer]: This information is being provided for informational purposes only as of May 1, 2025 and is not intended to serve as an offer for, or to represent the performance of any Sound Point investment or investment product.  There can be no assurance that any asset class return target will be achieved are or that any CLO investment strategy will be profitable in the future.  Market forecasts and estimates are based on opinions,  are subject to change, and may not necessarily come to pass due to changing market and/or economic conditions. All investing involves risk, including the risk of a total loss. 

In this episode of the SCI In Conversation podcast, SCI associate editor Marta Canini speaks to Stephen Usher, md on the investment credit team at BC Partners, about the evolution of private credit. Usher discusses growing opportunities in specialty finance and asset-backed lending, and how these trends align with BC Partners’ long-term growth strategy. He also shares his insights on the firm’s strategic moves, including its recent partnership with Piper Sandler and the acquisition of Runway Growth Capital. Finally, Usher takes a closer look at the diversification and risk-reward potential of private credit investments, offering a forward-looking perspective on the sector’s future.

In the second part of this episode of the SCI In Conversation podcast, SCI’s Selvaggia Cataldi continues her discussion about Israel’s securitisation market with Moty Citrin, head of financial institutions and structured finance at Moody’s subsidiary Midroog, and independent senior securitisation consultant Jason Smilovitz. Citrin and Smilovitz discuss investor sentiment, market liquidity, sovereign risk and political uncertainty.

In this episode of the SCI In Conversation podcast, SCI’s Selvaggia Cataldi speaks to Moty Citrin, Head of Financial Institutions and Structured Finance at Moody’s subsidiary, Midroog, and independent senior securitisation consultant Jason Smilovitz about the evolution of Israel’s securitisation market. In light of a new law aligning the country with global standards, Citrin and Smilovitz discuss how the legislative changes will impact banks, investors and issuers, as well as the broader implications for Israel’s capital markets.

In this episode of the SCI In Conversation podcast, SCI's Selvaggia Cataldi speaks to Gregor Burkart, leader of the refinancing division at Enpal, about the company’s recent milestone in Europe’s renewable energy sector. Burkart shares insights into Enpal’s first residential solar securitisation program, which raised €240m, and discusses the company’s strategy, innovative financing methods, and their impact on investors, customers, and the climate.

In this episode of the SCI In Conversation podcast, SCI US editor Simon Boughey speaks to Jeffrey Stevenson, managing partner of VSS Capital, about the continued growth of private lending. Stevenson discusses how the private lending market has evolved over the past decade, the role that remains for traditional lenders, where he has seen value over the past year, and more.

In this episode of the SCI In Conversation podcast, SCI head of content Kenny Wastell speaks to Volker Gulde, senior vice president at Moody’s Ratings, about the European market for private credit CLOs. Gulde discusses why the asset class is yet to take off in the continent, when we might expect that situation to change, and more.