In this first episode of The Credit Bubble, I sit down with my friend Scott Aleali, Head of Private Equity Finance – New York Region at Citizens Private Bank. We dig into how “fund finance” has evolved far beyond capital-call lines, covering the fund, management company, and GP. Scott shares insights on NAV lending, underwriting uncalled capital, and what the current market means for fundraising and emerging managers.
Scott Aleali: Inside the Evolution of Private Equity Finance
Breaking down the tools, trends, and underwriting behind private equity fund finance
Profiles in Credit
Every credit market has its own underwriting logic. What counts as collateral. What advance rate is defensible. Where there's room to negotiate and where there isn't. The answers look nothing alike across equipment finance, fund finance, or venture debt. Each episode, Derek Brunelle sits down with a specialist in one of them and works through how deals in that market really get done. For anyone raising debt capital, it's a look at how the person across the table is thinking before you're ever in the room.
Every credit market has its own underwriting logic. What counts as collateral. What advance rate is defensible. Where there's room to negotiate and where there isn't. The answers look nothing alike across equipment finance, fund finance, or venture debt. Each episode, Derek Brunelle sits down with a specialist in one of them and works through how deals in that market really get done. For anyone raising debt capital, it's a look at how the person across the table is thinking before you're ever in the room.Listen on
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