André Bourbonnais
Showing 1–2 of 2 transcripts.
- Milken Institute53 min
The Coming U.S. Infrastructure Boom
Michael Burke, André Bourbonnais, Reed Cordish, Susan Gray, Terry McAuliffe, Elaine Chao, Mike Milken
The Trump administration proposes a $200 billion federal catalyst intended to unlock $1 trillion in total infrastructure investment over a decade, leveraging regulatory reforms to reduce approval timelines from ten years to two. Key figures including Secretary Elaine Chao and Governor Terry McAuliffe highlighted public-private partnerships as essential to closing state funding gaps, citing Virginia's success in lowering construction costs and accelerating projects like the Atlantic Gateway. To ensure viability, the plan mandates independent state funding, expands eligibility beyond transportation to include energy and broadband, and seeks to shift the U.S. infrastructure spending ratio toward global benchmarks by utilizing an infrastructure bank model and privatized operational structures.
- Milken Institute58 min
Filling the Mid-Market Financing Gap
Staci Warden, Michael Arougheti, André Bourbonnais, Bilal Rashid, Brian Reynolds, Steven Sugarman, Stacey Worden, Mike Arrigetti
Panelists from major firms including Aries Management, PSP Investments, and the Bank of California discussed the mid-market's critical role in U.S. job creation following a structural shift where regulatory changes like Basel III forced large banks to exit leveraged lending. This disintermediation has driven institutional investors to deploy over $1 trillion in private debt capital, with regional banks adopting shadow banking models to fill the void left by systemically important institutions. While the sector currently offers strong covenant protection and floating-rate benefits, experts warn that leverage thresholds exceeding 4.5x and stress in energy and mining sectors could precipitate a default cycle by 2018 despite an otherwise resilient outlook.