Brendan Coughlin’s Post

In a new issue of TPG Insights, we focus on the recent rapid rise of private credit. To provide a deeper perspective on the opportunity that this rise represents, we sit down with Josh Baumgarten, Co-Managing Partner & Head of Credit at TPG Angelo Gordon, and Amanda Lynam, Head of Macro Credit Research at BlackRock, to discuss the outlook for public and private credit in 2024, what’s driving private credit AUM growth, and the portfolio benefits of private credit allocations. We then turn to Trevor Clark, Head of TPG AG’s middle market direct lending business – TPG Twin Brook; T.J. Durkin, Head of TPG AG’s Structured Credit & Specialty Finance business; and Ryan Mollett, TPG AG’s Global Head of Credit Solutions, for deeper discussions on the biggest pockets of opportunity and innovation in private credit today. https://lnkd.in/ea3V5ake

U.S. Bancorp Investments, an affiliate of U.S. Bank, is excited to announce that we are expanding our Wealth Management teams in Florida! As a #protocol firm, we offer an extensive product set, unparalleled client opportunities, and extensive technology resources to support our financial advisors. If you're interested in exploring Affluent Wealth Management Advisor growth opportunities, Jennifer Bova and I would appreciate connecting with you! Reach out to me at michelle.molina@usbank.com to learn more about our model and growth in #Florida. #wealthmanagement #financialadvisors #wealthplanning #growwithus #makeyourmark

Private credit has experienced substantial growth in the past few years due to the tightening of the conventional bank lending sector and the rise in interest rates. As a result, many investors have chosen to allocate more capital in this asset class to achieve better risk-adjusted returns. In the 2023 Family Office report done by Goldman Sachs 30% respondents are planning to increase their capital allocation to private credit in the upcoming 12 months. Listen to this ITW with Jeremy Rolf a private money lender based out of California where we discuss the current real estate private credit landscape. full itw: https://lnkd.in/e_MEuFU #privatecredit #commercialrealestate #commercialrealestateinvesting #privateequity

Here is the must-read of the day: Silas Brown and Davide Scigliuzzo spent months tracing the history of HPS Investment Partners and just how it came to be a giant of the private credit industry. For more than a decade Scott Kapnick, Scot French and Mike Patterson have been at the vanguard of turning a niche area of finance — where “nonbank” funds lend money to riskier companies — into a $1.6 trillion juggernaut. In 2016, HPS bought itself out of JPMorgan Chase & Co. in a complicated deal valuing it at close to $1 billion. Now it could be valued at around $8 billion. https://lnkd.in/eaRdM8sC #privatecredit #privatedebt #directlending #leveragedfinance #finance #banking #wealth

The post-bank era is coming. TPG's CEO Jon Winkelried and TPG Angelo Gordon's Head of Structured Credit & Specialty Finance T.J. Durkin recently shared their perspectives on the post-bank era in this video: https://lnkd.in/eCGegN42 Asset-based credit is taking center stage in the U.S. credit market, bringing new opportunities for diversification and yield. As traditional banks pull back, private credit firms are stepping in and using their tangible assets to innovate financing. They point out how critical the capability to evaluate, fund, and manage risk in asset-based finance is and note the specialized skills required across different asset classes within structured credit. It’s a must-watch for those interested in learning how this change impacts investment strategies. #SpotlightSeries #PrivateCredit #AssetBasedFinance #InvestmentStrategy

J.P. Morgan Private Bank launches a Family Office Practice. It seems that this announcement should have happened years ago as Family Offices have already been the target clients of Private Banks for a long time. However, if J.P. Morgan Private Bank is making a further concentrated effort in the space, you have to take notice. At F Partners, I am building out a panel of strategic private banking partners where we get not only banking services but get to co-invest alongside the partners of that bank. I’m not a fan of the AUM model most private banks employ but having funds in their bank and co-investing seems to be a solid way to have a non discretionary madate alongside deposits. Article in the comments below. #singlefamilyoffice #advisor #privatebanking #privatemarkets

With the cost of living crisis really starting to bite businesses, I would love to speak to those impacted by redundancy to see if there is anything I can do to help! Having been made redundant from Barclays myself within the last few years, I understand how difficult the transition can be and how uncertain things can be in terms of your future finances. Please reach out for a no obligation chat! Please feel free to share this with your network! https://lnkd.in/es3WUhSb https://lnkd.in/eTH2R6EU #costofliving #redundancy #financialplan #retirementplanning #financegoals

JPMorgan saw a net increase of 500 in its advisor headcount in the third quarter. Adding substantially to that number are wealth managers who came over following the banking giant’s acquisition of First Republic in the spring. With insight from: JPMorgan Chief Financial Officer Jeremy Barnum and JPMorgan Chief Executive Officer Jamie Dimon. #earnings #banking #wealthmanagement #financialplanning #advisors #financialadvisor #investing

“It's all about convenience. At the same time, you want to be able to pick up the phone and call your private banker.” Bank of America Private Bank President Katy Knox sat down with Chana Zimmerman of FP sister pub American Banker to discuss what really matters to younger clients — from investment education to arts services to philanthropy and much more. #wealthmanagement #bofa #bankofamerica #finanicaladvisors #clientmanagement #practicemanagement

Fellow bankers — Come join the conversation and explore bank strategy and M&A through insights from Tom Hayes of DA Davidson!