Shrinking Banks Spell Opportunity




Privcap Audio: Private Capital Talk show

Summary: THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: The “shrinking” of traditional banks as middle-market lenders is opening up opportunities for fleet-footed alternative financial companies, such as THL Credit, led by CEO CIO Jim Hunt. Affiliated with buyout firm Thomas H. Lee Partners, THL Credit was created in anticipation of a credit crisis, a view that proved “too prophetic,” says Hunt. Topics covered also include the “blank sheet of paper” that THL Credit likes to start with when structuring financings for unsponsored transactions, advice on what borrowers should look for in a lender, the importance of relationships, and what Hunt likes about the healthcare sector.