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It may seem like the last stage in the process, but choosing the right vehicle to invest in CLOs is critical to success. From dedicated CLO or structured credit funds, through separately managed accounts to new alternatives like interval funds there are no shortage of options available for investors. This panel will discuss the different options available for LPs looking to access the CLO market, including topics like:
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CloseRoger Li’s asset management experience spans 25 years, of which 15 encompass product strategy, fund formation, and capital raising in traded and private credit. He co-leads the project management team at Briarcliffe Credit Partners, overseeing the firm’s offerings on a day-to-day basis.
In response to the rapid growth in private credit, now exceeding $1.5 trillion, Briarcliffe was founded in 2021 to meet the institutional investor demand for a highly specialized approach to fundraising. In less than a year since its founding, Briarcliffe has grown to a 14-person team and is widely recognized as the leading private credit placement agency.
Prior to joining Briarcliffe, Roger oversaw product management of KKR Credit’s asset-based finance and direct lending strategies helping to deliver commingled, separately managed account and registered fund solutions to institutional, insurance, and individual investors globally. Previously, he led product management at Alcentra, Onex Credit Partners, and Highland Capital Management. Earlier in his career, Roger worked at global private banks in asset allocation and portfolio strategy. He holds an MBA from Columbia Business School and received a BA in Economics from Vassar College.
Danielle Gilbert is a Managing Director leading Business Development at Panagram. Danielle joined Panagram with 18 years of experience on the sell-side in senior fixed-income distribution roles. Most recently, Danielle was a Director at RBC Capital Markets in securitized products, supporting global institutional clients. Before RBC, she was a Managing Director and Partner at RW Pressprich, focused on fixed-income sales and origination of asset-based lending facilities. Danielle launched her finance career at UBS Securities LLC, and prior to her departure was a Director in structured product sales. Before joining UBS, she was a global client representative with IBM. Danielle holds a B.S. in Industrial Engineering from the University of Illinois Urbana-Champaign.
Michael Herzig is a senior managing director and head of business development at First Eagle Alternative Credit, where his responsibilities include marketing and client service. Mike also directs the product development and strategy committee, which is charged with developing new fund products for the institutional market, and serves on the investment committee of the firm’s Tradable Credit platform. Mike became part of First Eagle in 2020 upon the firm’s acquisition of THL Credit, which he had joined in 2008. Previously, he was head of product strategy in the alternative credit strategies group at McDonnell Investment Management. Before that, Mike was co-head of Deutsche Bank’s CDO business in the Americas, overseeing CLO underwriting and product placement, as well as hedging and risk management of the leveraged loan warehouse lines; he also served as the bank’s representative on the board of the Loan Securities Trading Association. Prior to Deutsche Bank, Mike was a senior marketer of structured credit and interest rate derivative products to US institutional investors for Merrill Lynch. Mike earned a BA in international business and French from Lehigh University.