newsfilter.io

Ted Seides

Showing 1–2 of 2 transcripts.

  1. Milken Institute1h 0m

    The Evolving Landscape of Asset-Based Finance and Securities Products | Global Conference 2025

    Ted Seides, Matt Miller, Jack Neumark, Madelaine O'Connell, Jason Steiner, Edwin Wilches

    Leading Asset-Based Finance managers including representatives from PGM, PIMCO, HPS, Fortress, and Bayview defined the sector as "private credit 2.0," focusing on securitizable income-generating assets like real estate and esoteric receivables to diversify beyond traditional corporate loans. While the panel consensus identifies homeowner resilience as a key defense against downturns, experts warn of rising subprime auto risks, FICO score distortions, and dangerous spread compression driven by record capital influx from insurers and pension funds. To navigate these dynamics, the group outlined divergent strategies ranging from maintaining "rent" models with originators to pursuing complex illiquid structures, all while emphasizing the necessity of rigorous forward-looking scenario analysis to manage deteriorating covenants and liquidity premiums.

  2. Milken Institute58 min

    Traversing Real Estate Realities | Milken Institute Global Conference 2024

    Ted Seides, Jase Auby, Maggie Coleman, Joshua Morris, Tim Sloan, Joshua Weintraub

    Leading institutional investors and asset managers converged to analyze a commercial real estate market defined by a dislocation between elevated interest rates and slower fundamental growth, creating distinct opportunities in data centers, single-family rentals, and distressed senior credit while navigating significant risks in oversupplied office sectors. Speakers highlighted how a generational housing shortage and a looming "wall of maturities" for $2.6 trillion in commercial loans are driving a structural shift where private non-bank lenders replace exiting regional banks to fund high-yield strategies. The panel concluded that prioritizing use-based assets with defensive demographics over traditional property classifications offers a more resilient path through the current higher-for-longer rate environment, provided investors maintain strict valuation discipline against cyclical volatility.