Lead Left Interview – Mark Gold (Part Two)

This week we conclude our conversation with  Mark Gold, chief executive officer/chief investment officer, Hillmark Capital Management LLC and its affiliate NewMark Capital LC. Hillmark is a NY-based investment management firm focusing on broadly syndicated loans through CLO vehicles.  Second of two parts – View part one

The Lead Left: Mark, we’re seeing a rush by managers to issue ahead of risk retention rules. Is this temporary?

Mark GoldYes, we believe this burst of activity is in response to risk retention.   We also believe this demand has driven up liability prices.

TLL: And banks are certainly not encouraged to be holders of leveraged loans.