Roadmap for Private Credit from Australia – Frank Danieli of MA Financial Group (EP.511)
Episode publishedPodcast: Capital Allocators – Inside th...Capital Allocators – Inside the Institutional Investment Industry
Transcript preview
Preview only
What you don't want is the moral hazard, which you're seeing in some parts of the global private credit market at the moment, especially with the exposure to sponsor backed direct lending for software companies, where people saying, well, hang on a minute. I lend in this particular area. That's my job. So I'm gonna find ways to rationalize that the next leverage loan of this type is good. How do I do that? First, I'll start giving up on price. I can shave some pricing away. Once it gets to a point where there's not a lot of alpha left, you can't keep giving up price. So you have to look for so
I'm Ted Sides, and this is Capital Allocators. My guest on today's show is Frank Daniele, head of global credit solutions at MA Financial Group, an ASX listed alternative asset manager that oversees 15,000,000,000 Aussie dollars across a broad range of private credit and lending strategies and a 179,000,000,000 Aussie dollars in a lending ecosystem platform. Frank began his career in restructurings, the self described dark side of credit, and has used the lessons from special situations and distressed loans to build a performing credit platform across asset backed finance, direct asset lending
Along the
way, Frank shares why sourcing, not fundraising, will define long term winners, why private credit requires diversified balance sheets, and why portfolio management and risk management are the largest sources of alpha in the asset class. Before we get going, longtime listeners might remember my discussion of the lived experience of Joseph Campbell's hero's dream, created by Michael Mirbosch and described in episode four zero two two years ago. Well, after an eight year sabbatical, I'll soon return to the mountains of West Virginia for my next journey. I'll take leave of my familiar surrounding
about the hero's journey and capital allocators.
Please enjoy my conversation with Frank D'Angeli.
Frank, thanks so much for joining me.
Ted, good to be here.
Why don't you take me through your background that led to your path in the seat?
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.