Debtwire Restructuring Forum Miami 2022
The must-attend event for the US restructuring community!
JW Marriott Miami, Brickell, Miami, Florida
01
Dec
(Stream A - Market Dislocations) Panel: Private debt - a resilient choice?
As inflation pressures persist and consumer sentiment deteriorates further, more companies are engaging advisors and showing risks of pursuing distressed exchanges in the near future. However, increased interest rates mean increased yield for private debt. Investors are attracted to private debt due to its reputation for being high-yield, but also for its favourable risk-adjusted returns. Experts predict that the US will dominate the direct lending space globally as low interest rates and bank regulations create a resilient and attractive environment for private lenders.
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SpeakersJordan Bryk Managing Director Marathon Asset Management
Kevin Alexander Managing Director—AB Private Credit Investors AllianceBernstein
Grishma Parekh Managing Director HPS Investment Partners
Morgan McClure Partner & Managing Director Fortress Investment Group
Javier Casillas Global Chief Creditor Officer & Managing Director H.I.G, WhiteHorse
David M. Hillman Partner Proskauer
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Jordan Bryk is a Managing Director at Marathon Asset Management focused on growing the firm’s Capital Solutions platform. Mr. Bryk is responsible for sourcing, underwriting and structuring bespoke private credit transactions for high-quality companies in transition. Mr. Bryk joined Marathon from Centerview Partners where he was a Principal in the Debt Advisory & Restructuring group. Prior to Centerview, Mr. Bryk was a restructuring attorney at Weil Gotshal. At both Centerview and Weil Gotshal, Mr. Bryk represented debtors, creditors and sponsors in all aspects of recapitalization transactions. Mr. Bryk received a JD/MBA from Columbia Law School and Columbia Business School in 2011 and a B.A. degree from Columbia College (cum laude) in 2007.
Kevin Alexander joined AB in 2015 and is a Managing Director of AB Private Credit Investors, where he is also a member of the investment committee. As a senior credit team member, he plays a leadership role in structuring, underwriting and execution, as well as portfolio management for investments in the energy sector and other industries. Alexander was previously a director at ORIX, where he held a similar role. Prior to that, he was a senior research analyst with Plainfield Asset Management and an analyst with both D.E. Shaw and Merrill Lynch. Alexander holds a BBA (Hons) in financial consulting from the Southern Methodist University and an MBA in finance and economics from the University of Chicago Booth School of Business. Location: Austin
Ms. Parekh is a Managing Director at HPS Investment Partners and Co-Head of North American Core Senior Lending. Prior to joining HPS in 2020, Ms. Parekh spent over twelve years as a Partner and Managing Director at The Carlyle Group. During her tenure at The Carlyle Group, Ms. Parekh was a founding member of the Direct Lending platform, served as Head of Origination for Illiquid Credit, and was a member of the Investment Committee for the Direct Lending business. Prior to joining The Carlyle Group in 2007, Ms. Parekh was an Investment Banking Associate at JPMorgan where she was responsible for originating, structuring and executing high yield bond and leveraged loan transactions. Ms. Parekh holds a BS in Finance and Information Systems from the Stern School of Business at New York University.
David M. Hillman is co-head of the Private Credit Restructuring Group and a member of the Business Solutions, Governance, Restructuring & Bankruptcy Group.
David has over 25 years of experience with an emphasis on representing private credit lenders, private funds, sovereign wealth funds and other alternative lenders and distressed investors in special situations and restructurings both in and out of court, whether the lender is secured or unsecured, unitranche or structured preferred. He has substantial experience in every phase of restructuring and distressed investing, including credit bid sales under section 363, debt-for-equity swaps, chapter 11 plans, out-of-court restructurings and foreclosures, as well as navigating inter-creditor issues involving the relative rights of majority and minority lenders. David also litigates the issues facing private credit lenders, including issues involving plan confirmation, solvency, valuation, inter-creditor disputes, financing and cash collateral disputes, fraudulent transfers, equitable subordination, recharacterization, breach of fiduciary duty and similar disputes.
David was listed as a “leading individual” in bankruptcy/restructuring by Chambers USA, which noted that interviewees praised him as “wonderful to deal with,” “very effective” and an “excellent litigator and strategist” who “thinks outside the box.” Chambers also noted that David is “an excellent counselor for distressed situations with significant litigation elements” and “a terrific, conscientious and focused lawyer.” Additionally, he has been recognized as a leader in his field by New York Super Lawyers as well. A member of the American Bankruptcy Institute, David speaks frequently on bankruptcy-related topics including recent decisions affecting secured creditor rights and preparing creditors for bankruptcy risks.