DEBT SERIOUS Podcast

Podcast | Episode #6: Private Credit in the Lower Middle Market | Andrew Eversfield, Co-Head of Direct Lending at Sound Point Capital

Andrew Eversfield joined Sound Point Capital in 2021 and is currently the Co-Head of Direct Lending. He was a Managing Director at CVC Credit Partners when Sound Point Capital acquired their Direct Lending platform in June 2021. Before CVC, Andrew was part of GE, where he was selected for the Corporate Leadership Staff and held a range of senior roles across finance, sales, and platform leadership in North America, Europe, and Africa. He spent a significant portion of his career within GE Antares Capital, where he helped build the Senior Secured Loan Program and had investment selection and workout responsibility. Subscribe to the weekly DEBT SERIOUS newsletter here: https://debtserious.substack.com/ [https://debtserious.substack.com/] DISCLAIMER: This material does not constitute an offer to sell or a solicitation of an offer to buy any securities. It is being provided solely for informational and reference purposes only and is not intended to be, and must not be, the basis for any investment decision. Statements represent the subjective views of Sound Point and cannot be independently verified and are subject to change. Investments made by Sound Point Direct Lending include risks such as: market related risks; transaction related risks; credit risks; non-investment grade debt investment risks; and risks associated with investing in debt obligations or securities of middle-market companies. Past performance is not necessarily indicative of future results. Get full access to DEBT SERIOUS at debtserious.substack.com/subscribe [https://debtserious.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_4]

Podcast | Episode #5: Hidden Risks in PE-Owned Life Insurance | Tom Gober of Thomas Gober Forensic Accounting

Tom Gober is President of Thomas Gober Forensic Accounting Services and specializes in forensic accounting and fraud investigations, primarily in the insurance and reinsurance industries. Since the 2008 financial crisis, his work has focused on the financial condition of the U.S. life and annuity sector, particularly captive reinsurance structures used to offload liabilities and inflate liquidity, surplus, and RBC ratios, resulting in referrals to federal law enforcement and engagement with regulators on systemic risk concerns. Tom has conducted Medicare fraud examinations for hospitals, consulted with the FBI and U.S. Attorney’s Office on criminal insurance investigations, provided expert testimony in federal courts on fraud, money laundering, and asset forfeiture, advised plaintiffs and defendants in insurance litigation, and led comprehensive statutory insurance audits, including serving as a state Examiner-in-Charge. You can contact Tom via his website at www.DeepDiveAnalytics.biz [https://deepdiveanalytics.biz/] For the Supplemental Deck, go to the episode page on https://debtserious.substack.com [https://debtserious.substack.com/] Contact: Aznaur.Midov@KierLior.com For informational purposes only. Not investment advice or an offer to buy or sell any securities. Conduct your own due diligence. Get full access to DEBT SERIOUS at debtserious.substack.com/subscribe [https://debtserious.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_4]

Podcast | Episode #4: Interval Funds, Secondaries, and Private BDCs | Leyla Kunimoto of Accredited Investor Insights

Leyla Kunimoto is an investor and editor of Accredited Investor Insights [https://substack.com/@accreditedinvestorinsights?utm_source=global-search], a newsletter that helps investors navigate private markets. She writes about private equity, private credit, and real estate, focusing on the practical realities of evaluating alternative investments from the limited partner perspective. Leyla began investing in public markets in 2001 and expanded into private markets in 2020, with current holdings spanning public equities, real estate, and alternatives. Get full access to DEBT SERIOUS at debtserious.substack.com/subscribe [https://debtserious.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_4]

Podcast | Episode #3: The Fed, Liberty, and Private Credit | Jim Grant of Grant's Interest Rate Observer

Jim Grant is the founder and editor of Grant’s Interest Rate Observer [https://grantspub.com/index.cfm?webcode=LLGOOG&gad_source=1&gad_campaignid=20416893331&gclid=CjwKCAiAl-_JBhBjEiwAn3rN7VRmTtFLQoPccMItpFVgwk1rCjYK_VdWAutVHQ-kT5Fosuz8Yg1inBoCK8wQAvD_BwE] and one of the most respected voices in financial markets. Grant is the author of ten books on finance and history. His most recent book is Friends Until the End: Edmund Burke and Charles Fox in the Age of Revolution. His other works include Money of the Mind, a history of borrowing and lending in America; a life of John Adams, the second president of the United States; and a biography of the great Victorian financial journalist and central bankers’ muse, Walter Bagehot. Get full access to DEBT SERIOUS at debtserious.substack.com/subscribe [https://debtserious.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_4]

Podcast | Episode #2: CLOs: No Credit Contagion | Michael Kao of Kao Family Office / Akanthos Capital

Michael Kao has been in the investment business for 30+ years, with extensive experience analyzing and investing across a wide range of markets and asset classes — from commodities and credit to convertible arbitrage, capital structure and event-driven strategies, and distressed debt and equity. He began his career in the early 1990s in the commodities unit at Goldman Sachs in New York. After Goldman, he joined Canyon Capital Advisors, where he was a partner and co-founder of the Canyon Arbitrage Fund. In 2002, he founded Akanthos Capital Management, a long/short value fund focused on opportunities driven by volatility, equity, and credit structure dynamics, with an emphasis on convertible and capital structure arbitrage, as well as event-driven investing. Mike stopped actively managing external capital in 2019 and now invests primarily through his family office while writing about markets and the economy on his Substack Kaoboy Musings [https://substack.com/@urbankaoboy]. FOLLOW THE LINK [https://substack.com/home/post/p-178462042] to read Michael’s detailed write-up, examples, and his full thoughts on what we discussed in this episode (MUST-SEE). Disclaimer: This interview talks about some Idiosyncratic positions that Michael currently holds and actively trades. He uses the examples to illustrate his broader points about CLO structural resilience. This is NOT investment advice, and people are reminded to do their own homework. Get full access to DEBT SERIOUS at debtserious.substack.com/subscribe [https://debtserious.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_4]