Structured Credit, B-Pieces & the Private Markets Opportunity | Chris Hentemann, 400 Capital
About this episode
Chris Hentemann discusses structured credit and the opportunities in private markets with Jack and Alex.
Season 6, Episode 3: Season 6 of the No Cap Podcast continues with a masterclass in structured credit and securitized assets. Jack and Alex sit down with Chris Hentemann, the founder and CIO of 400 Capital Management, to explore how his firm navigates complex credit markets. Chris breaks down his firm's flexible approach to both performing and non-performing credit opportunities across residential and commercial mortgage credit.From the mechanics of risk retention and "B pieces" to innovative builder finance structures, learn how 400 Capital identifies asymmetry in global markets. Chris explains how they’ve bridged the gap between bank balance sheets and private capital by creating partnerships that accommodate modern regulatory standards.Shoutout to our sponsor, Appfolio. The growth engine transforming how firms handle investor relations and distributions.TOPICS00:00 – Introduction00:43 – Chris Hentemann’s Career: From First Boston to the 2008 Crisis06:37 – The Founding of 400 Capital and Early Investment Thesis11:52 – Housing Finance, CRT Markets, and the Role of Private Capital16:41 – Masterclass on Risk Retention: B Pieces and Asset Quality Control22:13 – The Evolution of…
People in this episode
Hosts: Jack, Alex
Guest: Chris Hentemann
Topics covered
- structured credit
- securitized assets
- credit markets
- risk retention
- private capital
- builder finance
- global markets
Keywords
- structured credit
- B pieces
- risk retention
- mortgage credit
- investment strategy
- private markets
- credit opportunities
- builder finance
- regulatory standards
Sponsors
Appfolio
Mentioned in this episode
Organizations: 400 Capital Management
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