Bank Lending to Private Credit Up 50% in 2025 — The $20 Trillion Question | Global Alts Miami 2026 скачать в хорошем качестве

Bank Lending to Private Credit Up 50% in 2025 — The $20 Trillion Question | Global Alts Miami 2026

The mechanics of asset-based finance, explained by the people running billions through it. Paul Horvath (Orchard Global CEO) shares his journey from the Fed during the S&L crisis to building $200B in bank recapitalization trades. Satish Mansukhani (Rithm Capital) breaks down why every crisis comes from asset-liability mismatch. Tina Suo (NYC Comptroller, $300B pension fund) shares how one of the largest allocators in the country thinks about ABF risk. And Missy Dolski (Värde) explains why asset class expertise is the only edge that matters. From the headlines hitting private credit right now to why European banks are paying 200-300 bps more than US banks for the same risk this panel gets into the real mechanics of ABF returns. Key topics: • Why every crisis comes from asset-liability mismatch • Bank lending to non-bank financial institutions up 50% in 2025 • The retail investor problem: "Make sure they're getting the same stuff as large allocators" • Europe vs. US: 200-300 basis points more return per risk unit in Europe • Owner-operator model vs. partnership sourcing — why captive origination wins • SRT (Synthetic Risk Transfer): Cost of funds +4-5% in US vs. +7-9% in Europe • "How real are your real assets?" — the workout question Speakers: • Missy Dolski, Partner & Global Head, Asset-Based Finance, Värde • Paul Horvath, CEO, Orchard Global • Satish Mansukhani, MD, Investment Strategy, Rithm Capital • Tina Suo, Head, Alternative Credit, NYC Office of the Comptroller • Michael Peterson, MD, Citco Capital Solutions (Moderator) Timestamps: 0:00 Introduction & panelist backgrounds 2:42 The evolution of ABF — Paul's journey from the Fed to SRT 5:39 What's driving the market today? Fund vehicle liquidity issues 8:01 Structuring deals to match assets and liabilities 9:29 Bank lending to NBFIs up 50% in 2025 11:44 Risk in ABF: structure, stress, and correlation 14:25 ABF vs. direct lending — how allocators compare them 17:12 Returns expectations and the owner-operator model 20:00 Europe vs. US: where the real alpha is 23:43 What is "mid-market" today? 26:00 Captive origination vs. partnerships 28:10 "How real are your real assets?" Recorded at Global Alts Miami 2026 | Presented by iConnections #privatecredit #assetbasedfinance #ABF #directlending #SRT #syntheticriskransfer #bankregulation #institutionalinvesting #pensionsfunds #alternativecredit #creditinvesting #rithmcapital #varde #orchardglobal #citco #iconnections #globalaltsmiamai -- Welcome to iConnections—where the alternative investment industry comes to connect, learn, and grow. iConnections’ Global Alts is the world’s largest cap intro event, hosted at the Miami Beach Convention Center. This premier gathering features insights from top minds in investment, finance, and economics, while giving attendees exclusive access to the global alternative investment community. But we’re more than just events. iConnections is a platform built to connect allocators, managers, and the alternative investment industry year-round. Through innovative technology and curated connections, we make it easier than ever to network, schedule meetings, and grow your business—all in one place. Join us as we transform the way the alternative investment world connects and collaborates. Let’s shape the future of the industry together. Discover iConnections Today: Learn more about our platform: https://www.iconnections.io Stay connected through our social channels: LinkedIn:   / 53118918   Twitter:   / iconnections_io   Instagram:   / iconnections_io