Diversification in Private Credit: Overview of GP-LP Solutions and Bank Capital Solutions
Ballroom 2+3
5:45 pm - 6:10 pm
Introduction to two distinct, emerging private credit strategies, GP Financing and Credit Risk Sharing / SRT
GP-LP Solutions – defining the toolkit: Fund / NAV Lending, LP Financing, GP Financing
GP Financing: self-liquidating senior financing to support the growth of private equity firms
User perspective: GP Financing vs. Alternatives
Credit Risk Sharing - Investing in the core lending portfolios of global banks
Market dynamics: demand / growth drivers, collateral characteristics, and structuring
Significant Risk Transfer (SRT) attributes and diversifying traits vs. core private credit allocations
Speaker
Juan GranaBio
Juan Grana
Juan Grana is a Managing Director at Crescent Capital and Head of Bank Capital Solutions. Mr. Grana brings more than 20 years of deal-making experience in the credit markets. Before joining Crescent, he was Managing Director, Senior Portfolio Manager, and Head of Origination at Chorus Capital. Prior to that, he played a key role at ArrowMark Partners, where he established the firm’s European offices and led investments in risk-sharing transactions. Mr. Grana spent more than a decade at Credit Suisse, where he co-led Capital and Credit Risk Modeling before being appointed as Managing Director in Credit Structuring. In that role, he was instrumental in developing the firm’s risk-sharing capabilities. He also served as a Managing Director in the Structured Solutions Group at Nomura. Mr. Grana holds a MPhys in Physics from The University of Oxford.
Managing Director and Head of Bank Capital Solutions @ Crescent Capital
Gregory HardimanBio
Gregory Hardiman
Gregory Hardiman is a Managing Director at Crescent Capital, focusing on GP-LP Solutions within private credit in the New York office. He joined Crescent from 17Capital, where he was a Partner and co-led the firm’s US investment efforts and was a member of the Investment Committee and Executive Committee. Gregory has sourced, led, and/or executed over $3 billion in bespoke GP-LP financings, spanning a wide range of borrower types and use cases. He previously worked at Man Group and Conning, with roles spanning leveraged credit and corporate development. Gregory received a BA in Management from Villanova University and an MBA from Columbia University. He is also a CFA Charterholder.
Managing Director and Head of GP-LP Solutions @ Crescent Capital