Alternative Credit Council

Creating a central hub for industry data, sound practice guides, due diligence templates, and community engagement is the mission statement of the ACC, and we are delighted to add Financing the Economy 2024 to our library of resources. For any new or future members, or any in need of a refresher. Here’s a quick snapshot of our most valued resources: Research: -         Financing the Economy – Check out the newest edition at https://lnkd.in/eaXW-mKy -         Understanding NBFI – Download at https://lnkd.in/ebt5DRYH -         Mission to reform securitisation – https://lnkd.in/evDyNzPg Sound practices: -         Illiquid Credit DDQ’s for both open-ended and closed ended funds: https://lnkd.in/e6VzDGvG -         Private credit fund manager ESG DDQ: https://lnkd.in/ezt56DX3 -         Explore the full AIMA sound practices suite at: https://lnkd.in/ew5e9Ps5 Events: -         Join us in Miami, January 27, for PCIF 2025! - https://lnkd.in/eQPWKxAB -         Global Summit 2025 – Coming October 2025 #privatecredit #alternativeinvestments

Start 2025 with us in sunny Miami at the Private Credit Investor Forum! The industry continues to grow by leaps and bounds so it feels right to gather members, colleagues, and friends for the flagship private credit event of the year this January 27. Check out our agenda and stellar line-up of speakers—you won’t want to miss it! Spaces are filling fast so secure your spot today! https://lnkd.in/eQPWKxAB

In the latest AIMA Journal, James Grand, Ben Jones, and Hannah Ward of Simmons & Simmons explore the rise of Uptier Priming Debt as a tool in leveraged finance restructurings. This insightful piece examines how position-enhancing transactions (PETs) are reshaping the landscape, raising questions about minority protections, good faith, and the evolving role of CLOs in the US and EU markets. Read the full article here: https://lnkd.in/eYENgw7X Download the full 2024 Q4 AIMA Journal at  https://lnkd.in/ebinMw3H

That's a wrap! 2024 has been an incredible year, filled with thought provoking events, meaningful connections, and unforgettable moments. Thank you to all the attendees, speakers and sponsors for being part of our event programme this year. We’re gearing up for an even bigger and better 2025! Be sure to check out the amazing line-up of events announces already https://lnkd.in/deQcyTs , and stay tuned for exciting new announcements coming soon. #AIMAevents

The ACC was pleased to join other trade associations in calling for holistic reform of the EU Securitisation framework. Read our statement here https://lnkd.in/gTNpuQ_q Securitisation has a vital role to play in driving growth, enhancing EU competitiveness, and supporting the Savings and Investments Union. We welcome the European Commission’s comprehensive approach to reviewing the framework and believe that coordinated reforms can unlock the full potential of securitisation while addressing existing regulatory and prudential challenges. Earlier this year, the ACC published a position paper, ‘Reviving the EU securitisation market’, outlining how regulatory reform can support the European capital market. Read the full report here: https://lnkd.in/eGyE9KG3 and our response to the EC consultation here: https://lnkd.in/gtr-hBvi

What makes credit funds unique when borrowing under subscription-secured facilities and NAV lines? In the latest AIMA Journal, James Tinworth, Emily Fuller, and Jennifer Passagne of Haynes and Boone, LLP break down the critical considerations, from fund structuring nuances to bespoke financing solutions tailored for private credit. The article delves into hybrid fund structures, upstream and downstream tax strategies, and how borrowing bases are managed in dynamic market conditions. Essential reading for anyone involved in private credit fund management. Check out the full article here https://lnkd.in/e2pm3cr3

An Agenda by the Industry, for the Industry   Join us for the only dedicated private credit program of the week, from the largest buyside association for private credit! The Private Credit Investor Forum 2025 is designed to maximize knowledge sharing and networking for our community, featuring: • 12 masterclass sessions across 3 tracks • Top-tier panels with 40+ industry leading speakers • Popular Meet-the-Allocator roundtables Don’t risk post-event FOMO—secure your spot today and be part of the conversation! #PCIF2025 #PRIVATECREDIT

In the final ACC newsletter of 2024, Jiri Krol reflects on private credit’s $3 trillion AUM milestone, key insights from our Financing the Economy research, and the ACC’s priorities for the year ahead.   To continue the conversation, join us at the Private Credit Investor Forum in Miami January 27, learn more and register today at  lendingforgrowth.org Read the newsletter at: https://lnkd.in/ePW-tcHq

The ESG Integrated Disclosure Project (ESG IDP) has taken significant steps forward with an updated reporting template and a strengthened executive leadership team.   The updated template incorporates metrics from the ESG Data Convergence Initiative, aligning with global standards and improving accessibility through macro and non-macro enabled versions. These updates aim to enhance ESG transparency and consistency across private credit and syndicated loan markets.   The ACC co-leads the ESG IDP alongside the LSTA and Principles for Responsible Investment, and we congratulate the incoming executive leadership team—Jeff Cohen, CAIA Cohen as Chair, Brittany Agostino and Jeannie Cho as Vice-Chairs, and Michael Kashani as Chair Emeritus—on their new roles in advancing this important work.   Read the full press release here: https://lnkd.in/diTsk7PV #ESG #responsibleinvesting

The ACC greatly welcomed the opportunity to respond and provide feedback to the European Commission on the Securitisation Regulation. We were also happy to see many proposals from our position paper ‘Reviving the EU securitisation market’ published earlier this year, reflected within the consultation, particularly around: -         Allowing AIFMs to sponsor securitisations; -         Introducing a more proportionate approach towards due diligence, transparency and reporting; -         More risk-based capital requirements for insurers; and -         Clarifying the scope of the Securitisation Regulation. Securitisation will play a vital role boosting European capital market and we welcome the European Commission's comprehensive approach towards their review of the framework.   Want to learn more? View our response in the link below or get in touch with your usual ACC contact Read our response overview here: https://lnkd.in/gtr-hBvi Download our position paper here: https://lnkd.in/eGyE9KG3 #Securitisation #privatecredit #EU #regulation