Jefferies credit secondaries head joins LSTA podcast on liquidity

LSTA published episode seven of its Lending Continuum podcast on Oct. 23, with Billy Strobel, head of credit secondaries at Jefferies, discussing how continuation vehicles deliver liquidity to private credit investors.

Host Andrew Berlin, the LSTA's director of policy research, says episode seven covers what is driving the fast-growing credit secondaries market and how deals are structured and priced. The discussion also covers where the market is heading.

For advisors whose clients hold private credit, the episode points at secondary sales as a liquidity route, but the episode description omits transaction terms, pricing levels and eligibility criteria. Those are the inputs an advisor would need to judge whether a continuation vehicle is a realistic exit for a client.