Video

The Data and the Drivers of the Stress and Distress in the U.S. Middle Market: A Conversation with James Gellert, Chairman of RapidRatings and Andrew Milgram, CIO and Managing Partner of Marblegate Asset Management 

Andrew Milgram, Managing Partner at Marblegate Asset Management, and James Gellert, Chairman of RapidRatings, explore the key data and drivers behind stress and distress in the U.S. middle market. They delve into the complexities of working capital management, rising bankruptcy rates among private companies, and the broader implications of declining financial health metrics. Together, they share how their organizations analyze and address these challenges, offering insights on navigating financial restructuring and sustaining business viability in a turbulent market.

Introduction: RapidRatings & Data – 0:00 Impact of Working Capital – 3:45 Declining Debt Service Ratios – 5:15 Surge in Criticized Assets – 6:13 Contrast with Public Companies – 7:15 Impact of Private Companies on Public Firms – 8:15 RapidRatings: Public vs. Private – 9:48 Private Bankruptcy Strain – 11:59 Net Profit After Tax & Survivability – 12:54 Conclusion: The Race Against Time – 13:29
Introduction: RapidRatings & Data – 0:00 Impact of Working Capital – 3:45 Declining Debt Service Ratios – 5:15 Surge in Criticized Assets – 6:13 Contrast with Public Companies – 7:15
Impact of Private Companies on Public Firms – 8:15 RapidRatings: Public vs. Private – 9:48 Private Bankruptcy Strain – 11:59 Net Profit After Tax & Survivability – 12:54 Conclusion: The Race Against Time – 13:29
Introduction: RapidRatings & Data – 0:00 | Impact of Working Capital – 3:45 | Declining Debt Service Ratios – 5:15 | Surge in Criticized Assets – 6:13 | Contrast with Public Companies – 7:15 | Private Companies on Public Firms – 8:15 | Public vs Private – 9:48 | Private Bankruptcy Strain – 11:59 | Net Profit After Tax – 12:54 | Conclusion: Race Against Time – 13:29

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This video is for informational purposes only and does not constitute or form a part of an offer to sell or a solicitation to purchase interests in any Fund managed or sponsored by Marblegate Asset Management (Marblegate) and may not be relied upon in connection with any offer or sale of a Fund. This video is not a recommendation to buy nor is Marblegate providing any investment advice or recommendation herein. This video should not form the basis of any investment decision. Investors should conduct their own diligence with the assistance of professional financial, legal and tax experts on the topics discussed in this document and make independent judgements about the relevant markets before making any investment decisions. The information in this video is only current as of the date(s) posted and Marblegate assumes no duty to update or correct any information for any reason including new information or subsequent events. The information in this video should not be construed as a commitment, promise, or guarantee by Marblegate or any other individual or organization affiliated with Marblegate regarding the future availability of opportunities in the U.S. middle market. Marblegate makes no representation or warranty as to the expressed or implied fairness, correctness, accuracy, reasonableness or completeness of any information or opinions in this video. Certain statements herein reflect Marblegate’s subjective views and opinions, and they should not be construed as material fact.