Current Opportunities in Private Lending & Private Lending Secondaries in the U.S. Market
Join us for a panel as we discuss how private lenders are benefitting from these current challenging economic times and explore other dislocated private market opportunities that will lead to the opportunities of 2020 and beyond. Our expert panel will reflect on the global crisis and discuss how they are adjusting to today's new realities and preparing for tomorrow's opportunities.
- How has debt capital available to private businesses been impacted by the current economic environment?
- Is this different based on size of market the company is in?
- What types of loans are banks most easily able to make in the current environment?
- What kind of niche opportunities represent the most attractive opportunities for non-bank lenders?
- How are debt terms changing to reflect the current economic environment?
- Will this time be different for private debt lenders than the success they enjoyed investing during prior recessions?
- Are liquidity constraints leading to more secondaries?
- What kind of niche opportunities represent the most attractive opportunities for non-bank lenders?
- What kind of opportunities are asset owners (e.g. institutional investors) exploring within their private debt programs given the current environment?
Event Recording
Current Opportunities in Private Lending & Private Lending Secondaries in the U S
Speakers
Brett Hickey
- Title
- Chief Executive Officer @
- Company
- Star Mountain Capital
- Role
- Moderator
Brett Hickey has over 20 years of private investing and investment banking experience with over 15 years spent directly in the U.S. lower middle-market. He has completed over 125 private equity, private credit and secondary fund investments.
Mr. Hickey is the Founder & CEO of Star Mountain Capital, LLC, a multi-billion dollar specialized private investment firm, making loans, private equity investments and secondary fund purchases across its Collaborative Ecosystem® in the lower middle-market. Driven by culture and stakeholder alignment, Star Mountain has been recognized as one of the Best Places to Work by Crain’s and Pensions & Investments in both 2020 and 2019.
Previously worked as an Investment Banker at Citigroup Global Markets in New York City (formerly known as Salomon Smith Barney) where he completed over $24 billion in transactions for financial institutions.
Graduated with Distinction from McGill University in Montreal, Canada with a Bachelor of Commerce degree in Finance and Accounting. He is an alumnus of Harvard Business School’s Owner, President / Manager executive training and management program.
Board positions include Harvard Alumni Entrepreneurs, Help for Children and the YMCA of Greenwich. He is also the Founder & Chairman of the Star Mountain Charitable Foundation, a 501(c)(3) focused on job creation (including for veterans, women and athletes), economic development and health & wellness. Mr. Hickey is a member of YPO and is a former Canadian national gold medalist and North American medalist in speed skating.
Patrick Clancy
- Title
- Principal @
- Company
- KKR
- Role
- Panelist
Patrick Clancy (New York) joined KKR in 2015 and is focused on financial institutions and specialty finance investing out of the opportunistic credit pools of capital. He serves on the Board of Directors of KKR DVB Aviation Capital, K2 Aircraft Aviation Limited, DCAL Aviation Finance Limited, Orchard Marine Limited, LCI Helicopters Limited, and Global Jet Capital. Prior to joining KKR, Mr. Clancy was at Morgan Stanley & Co. in its leveraged finance group. He holds a B.S., magna cum laude, from Georgetown University.
Jeff Mitchell
- Title
- Senior Vice President @
- Company
- Woodforest National Bank
- Role
- Panelist
Jeff Mitchell is Senior Vice President of Middle Market and Corporate Banking for Woodforest National Bank. Mitchell’s entire career has been dedicated to supporting the efforts of middle market companies with their financing and business needs. Located in Tampa, FL, Mitchell is well known for his work in the asset-based lending (ABL) industry and lender finance. He has 30 years of banking and commercial finance experience working closely with private-equity sponsors and C-Level executives structuring senior debt facilities. His work experience includes working with both institutional Banks' and privately held commercial finance companies from start-up to mature business models. An entrepreneur at heart, Mitchell founded Dominion Business Finance and served as CEO until 2008, when the company was successfully sold. Mitchell’s career in finance began with First Union National Bank (now Wells Fargo) and has held senior level positions with Crestmark Bank, Action Capital Corporation, and UK based Bibby Financial Services. Mitchell is an active member of a number of industry trade associations including the Association for Corporate Growth, the Turnaround Management Association and Robert Morris Association. He is Past President and Board Member of the Commercial Finance Association, Florida Chapter. Mitchell graduated from Florida State University with a Bachelor of Science in Economics and International Affairs.
Jeremy Hill
- Title
- Founder & Managing Partner @
- Company
- JB Capital
- Role
- Panelist
As the Founder and Managing Director of the JB Capital Group of Companies, Mr. Hill is responsible for the overall strategic direction and leadership of the firm. His role contributes to the development and execution of our strategic and corporate goals, which includes oversight of relationships with capital partners and the evaluation and consummation of new investments. Known for his entrepreneurial vision and development expertise, Jeremy was the President of several firms focusing on investment strategies and structured finance in the United States prior to founding JB Capital. Providing nearly $500 Million in capital to privately held businesses, he has recognized acuity for creating innovative strategies to complex situations and a proven track record of creative collaboration. He has shared his expertise as a guest on CNBC, earned multiple awards, served as a trusted advisor to growth companies and created a name for himself as a visionary entrepreneur with a highly trained eye for opportunity.
About
Star Mountain Capital
Star Mountain is a specialized asset management firm focused exclusively on the U.S. lower middle-market by investing debt and equity directly into established operating companies, making strategic investments into fund managers and purchasing secondary fund positions. Star Mountain Capital, founded in 2010 by Brett Hickey, is a specialized asset management firm focused exclusively on the large and fragmented U.S. lower middle-market. Backed by some of the world’s most sophisticated institutional and high-net-worth investors, Star Mountain has developed a unique and proprietary platform to provide investors with highly diversified access to the attractive risk-reward opportunities available from established businesses that are not large enough to access the more efficient U.S. capital markets.
KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.
Woodforest National Bank
Woodforest National Bank is a privately held bank headquartered in The Woodlands, Texas. The Bank has more than 750 branches in 17 different states. Woodforest National Bank is Walmart's largest retail partner. The Commercial Bank represents about half of the Bank's business. As of April the Bank enjoyed total assets of $8.4 billion. It runs its commercial banking efforts through its offices in Los Angeles, Houston, Dallas, Tampa, Fort Lauderdale and Charlotte.
JB Capital
JB Capital is a direct private lender providing responsive, creative capital solutions to privately held, middle market companies and small corporate borrowers.
We make non-control credit investments in select companies with strong business models with compelling value propositions led by experienced management teams. Not every company fits exactly what a traditional bank or private equity firm can offer, and for those companies there is JB Capital