Interlock Partners的动态

Transcript

Have so far we have been really focusing on the transaction servicing these were unitranche deals and we have done a lot of those. In fact, actually we are just about to close our 100th note program, which which we're very proud of. And, and, and the team has, has done an enormous job, you know, to get all these notes out out there and done with with and thank you of course to all our customers for, for, for all the trust. But there was no real subordination in there. Now having the technology and I mentioned operation risk and also utilization risk is one of the biggest. Constraints for investors to actually assume that equity risk, but because we we have it and we have it, you know kind of tried and tested, we are starting now to also provide subordinated capital to to investors and that is is really an augmentation of the customer value proposition since many of our pension insurance customers what they really want is they want not. Just something where they isolate the credit risk as much as possible and kind of. Get subordination for all that tail risk that we discussed. But at the same time, they're also looking for exposure that is optimal from a regulatory perspective, attracts the best possible solvency treatment. And I think with this next step, we are able to, you know, move much closer to this target.