Credit

Credit

Recent Posts

In Direct Lending, Cash Flow (Coverage) is King

In this article, we explore why we believe Fixed Charge Coverage Ratio (FCCR) is a more reliable measure of creditworthiness than the widely marketed Interest Coverage Ratio (ICR), and how relying on adjusted EBITDA can expose investors to hidden risks.

Structurally Speaking: Hildene Re

Brett Jefferson, Hildene President and Co-CIO, is joined by Dushyant Mehra, Co-CIO, and other members of the Hildene team to discuss Hildene Re, their Cayman Islands-based reinsurance business, as well as Hildene’s approach to reinsuring fixed index annuities, providing insurance solutions and the current trends shaping the market.

Structurally Speaking: Non-Qualified Mortgages

Hildene President & Co-CIO Brett Jefferson is joined by Head of Capital Markets, Jason Schechter, and Portfolio Manager, Justin Gregory, to discuss non-qualified mortgage securitizations and other housing-related structured credit opportunities.