09-Jan-2025
Dinimus Credit Fund (DCF) rebrands to Privity Credit
9 January 2025 – We are delighted to let you know that as part of our ongoing growth and evolution, Dinimus Credit Fund (DCF) is rebranding to Privity Credit on 9th January 2025.
In this episode of It’s Not All PC, Privity Credit and specialist debt advisory Neu Capital discuss yield generation, risk, liquidity, transparency and where the real opportunities are in this more cautious macro environment.
Two experienced credit practitioners real-talk about private credit.
Host Ryan Donnar, Managing Partner & Head of Origination at Privity Credit, is joined by Cyrus Church, Managing Director and Founder of Neu Capital. Drawing on a career in corporate lending, advisory and restructurings, Cyrus shares a practical perspective on what happens when conditions tighten and lenders need to work through difficult situations.
The discussion helps clarify:
- What past downturns can teach investors about navigating downside risk in today’s environment
- Why gates and redemption caps aren’t automatically a sign of weakness
- How to assess whether a manager can handle restructurings, not just originate loans in good markets
- Why mid-market direct lending may offer better risk-adjusted opportunities than crowded large-cap deals
- Why local knowledge and active management matter for downside protection
Uncertainty is creating real opportunities, but only for managers with the discipline, structure and workout capability to capture them.
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01:00 Outlook for private credit
06:10 Lessons from downturns
14:34 Liquidity in private credit
23:15 How to assess managers
30:00 Emerging opportunity in private credit
32:32 How lenders protect value
37:07 Downside protection & lessons from crises
39:02 Key takeaways for investors
