{"id":11165,"date":"2026-06-03T10:00:31","date_gmt":"2026-06-03T17:00:31","guid":{"rendered":"http:\/\/billbymel.com\/Staging\/?page_id=11165"},"modified":"2026-06-03T13:28:31","modified_gmt":"2026-06-03T20:28:31","slug":"june-3-2026-bill-bymel-debt-doctor-with-daniel-bird-private-credit-risk","status":"publish","type":"page","link":"https:\/\/billbymel.com\/Staging\/june-3-2026-bill-bymel-debt-doctor-with-daniel-bird-private-credit-risk\/","title":{"rendered":"DD Podcast-Episode-65"},"content":{"rendered":"
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with Daniel Bird<\/h1>\n[\/mk_title_box][mk_title_box color=”rgba(10,28,47,0.75)” highlight_color=”#ffffff” highlight_opacity=”0″ size=”21″ line_height=”34″ letter_spacing=”0″ stroke=”0″ stroke_color=”#ffffff” margin_top=”0″ margin_bottom=”20″ font_family=”none” align=”right” el_class=”bill_name_subheading”]\n

The Private Credit Risk Hiding in Your Marks<\/p>\n[\/mk_title_box][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/mk_page_section][vc_row][vc_column][mk_padding_divider size=”50″][\/vc_column][\/vc_row][mk_page_section full_width=”true” sidebar=”sidebar-1″][vc_column el_class=”apple_player”][vc_row_inner el_class=”content_row”][vc_column_inner el_class=”counter_row” width=”1\/3″][vc_raw_html css=””]JTNDaWZyYW1lJTIwYWxsb3clM0QlMjJhdXRvcGxheSUyMCUyQSUzQiUyMGVuY3J5cHRlZC1tZWRpYSUyMCUyQSUzQiUyMGZ1bGxzY3JlZW4lMjAlMkElM0IlMjBjbGlwYm9hcmQtd3JpdGUlMjIlMjBmcmFtZWJvcmRlciUzRCUyMjAlMjIlMjBoZWlnaHQlM0QlMjIxNzUlMjIlMjBzdHlsZSUzRCUyMndpZHRoJTNBMTAwJTI1JTNCbWF4LXdpZHRoJTNBNjYwcHglM0JvdmVyZmxvdyUzQWhpZGRlbiUzQmJvcmRlci1yYWRpdXMlM0ExMHB4JTNCJTIyJTIwc2FuZGJveCUzRCUyMmFsbG93LWZvcm1zJTIwYWxsb3ctcG9wdXBzJTIwYWxsb3ctc2FtZS1vcmlnaW4lMjBhbGxvdy1zY3JpcHRzJTIwYWxsb3ctc3RvcmFnZS1hY2Nlc3MtYnktdXNlci1hY3RpdmF0aW9uJTIwYWxsb3ctdG9wLW5hdmlnYXRpb24tYnktdXNlci1hY3RpdmF0aW9uJTIyJTIwc3JjJTNEJTIyaHR0cHMlM0ElMkYlMkZlbWJlZC5wb2RjYXN0cy5hcHBsZS5jb20lMkZ1cyUyRnBvZGNhc3QlMkZkZWJ0LWRvY3RvciUyRmlkMTgxMzIxNDgzNyUzRmklM0QxMDAwNzcwOTc4NDcwJTI2dGhlbWUlM0RsaWdodCUyMiUzRSUzQyUyRmlmcmFtZSUzRQ==[\/vc_raw_html][\/vc_column_inner][vc_column_inner width=”1\/3″][vc_raw_html css=””]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[\/vc_raw_html][\/vc_column_inner][vc_column_inner width=”1\/3″][vc_raw_html css=””]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[\/vc_raw_html][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/mk_page_section][vc_row el_class=”content_row1″][vc_column][vc_column_text margin_bottom=”0″ css=”.vc_custom_1780518484900{margin-bottom: 0px !important;}”]\n

ABOUT THE EPISODE<\/h3>\n

Trillions chased private credit after the banks stepped back from risk and the rush left private credit risk your marks may not be pricing in.<\/p>\n

I sat down with Daniel Bird, credit analyst and founder of Thornwood Hill LLP, to find where the real danger lives: overconcentration, inflated valuations, and the opacity that lets a weak loan sit quietly on the books.<\/p>\n

Daniel traces the line from the global financial crisis, when banks pulled back and private capital rushed to fill the gap, straight into today\u2019s reckoning. We get into how these portfolios get marked, why a mispriced asset is the threat you won\u2019t see until a refinancing fails, and where the secondary market turns \u201cbumps in the road\u201d into the entry points you\u2019ve been waiting for.<\/p>\n

You\u2019ll hear why buying seasoned loans can beat originating new paper, how to call your own balls and strikes in an unregulated market, and Daniel\u2019s contrarian read \u2014 that all this uncertainty may have left parts of the market cheaper than the headlines suggest.<\/p>\n

The turbulence isn\u2019t the threat to your private credit book, not knowing how to read it is.<\/p>\n

About Our Guest:
\nDaniel Bird is the Founder of Thornwood Hill LLP specializing in credit and alternatives asset management. He translates credit data into clear insights that help investors, boards, and founders stay ahead of market turns by spotting stress signals before stocks react. Connect further with Daniel on LinkedIn<\/a>.<\/p>\n

\ud83d\udcf2 Watch the full conversation and share your take in the comments.<\/p>\n

\ud83c\udfa7 Also available to listen on your favorite podcast platform.<\/p>\n

\ud83d\udd14 Subscribe to stay informed on the trends and strategies reshaping the distressed debt market and for weekly investor intelligence insights on distressed debt, loan resolution, and smart investing that builds both wealth and impact.<\/p>\n

\ud83d\udc49 If you enjoy what you hear please share.<\/p>\n

First Lien Capital specializes in distressed debt and mortgage workout strategies on residential and commercial real estate. First Lien Resolutions provides Special Assets expertise to banks and funds on portfolio risk, recovery strategies, and profitable arbitrage.<\/p>\n

Schedule a consultation with Bill Bymel to REVIVE<\/a> your portfolio today\u2060\u2060\u2060.<\/p>\n

The Storm: Markets Meet Mother Nature is officially released and available at Amazon and other major retailers: https:\/\/a.co\/d\/0gPB0yrY<\/a><\/p>\n

This book and its concepts are drawn from decades of work across real estate, mortgage portfolios, distressed debt, and special assets to open the conversation of how converging forces are reshaping markets and offering the framework for investors and institutions to navigate what comes next.<\/p>\n

Reviewers say: \u201cThe Storm is not just a book, it’s a strategic lens into the future of our industry.\u201d<\/em><\/strong><\/p>\n

Stay connected with Bill Bymel: https:\/\/linktr.ee\/billbymel<\/a><\/p>\n

To advertise with Debt Doctor or request a podcast topic, please email podcast@billbybmel.com.<\/p>\n

The music in this video is copyrighted and used with permission.
\nMusic: Snappy by Jonathan Boyle
\nSource: https:\/\/www.premiumbeat.com<\/a>
\nLicense: Creator License #7035351[\/vc_column_text][\/vc_column][\/vc_row][vc_row fullwidth=”true”][vc_column][vc_column_text css=”.vc_custom_1695796066124{margin-bottom: 0px !important;}”]