Sectors

Credit & Cross Capital

Bringing analysis and insights across asset classes and business cycles

Research capabilities for
the
Credit & Cross Capital sector

The credit research team is focused on cross capital, event driven and leveraged situations. In particular, the team provides insights on leveraged loans, bonds, converts, mandatory’s, preferred, warrants, reorganized equity and private placements.

As a research-centric platform, our senior analysts develop value-added ideas for clients looking for investment opportunities across the capital spectrum. Our analysts cover a broad range of industries, with investment thesis being formed across the capital structure for individual companies.

Learn more about our research expertise

Team

General Contact

Robert Fagin
Head of Research
D 646 562 1310
robert.fagin@cowen.com

Stephen E. Reilly
Co-director of Research
D 617 946 3901
steve.reilly@cowen.com

Lisa Thomas
Associate Director of Research
D 646 562 1388
lisa.thomas@cowen.com

Investment Banking capabilities for
the
Credit & Cross Capital sector

Our debt capital markets team is experienced in every type of debt including:

  • Revolver
  • ABL facilities
  • Secured loan
  • Unsecured debt
  • Mezzanine debt
  • High yield debt
  • Other customized debt solutions

We operate primarily in the private markets and our transactions span the entire capital structure.

Cowen specializes in “solutions financing”, where a customized product is required to address a unique need (e.g. corporate structure issues, dividend recap desires, atypical collateral for a bond, non-call period to support investment horizon, etc.).

Learn more about our investment banking expertise

Latest Transactions

  • Hi-Crush Partners is a pure play, low-cost, domestic producer and supplier of premium monocrystalline sand, a specialized mineral that is used as a proppant to enhance the recovery rates of hydrocarbons from oil and natural gas wells.
  • Therapeutics MD operates as women's healthcare product company. Its portfolio of hormone therapy drugs include candidates for the treatment of moderate to severe vasomotor symptoms due to menopause and for the treatment of moderate to severe syspareunia.
  • EOC Group is a leader in the automotive service industry, operates automotive service centers providing total car care solutions to customers across 15 states.

Team

General Contact

Craig E. Zaph
Head of Debt Capital Markets
D 646 562 1188
craig.zaph@cowen.com

Sales & Trading capabilities for
the
Credit & Cross Capital sector

The credit sales and trading team provides thoughtful, well-timed advice and counsel to clients across the capital structure. Our ideas may include thematic cross-capital structure, relative value ideas and recovery plays within the distressed universe.

We trade all fixed income assets, with a focus on more illiquid situations, from high yield, distressed and investment grade bonds and convertible bonds to public and private corporate securities and bank debt.

Team

General Contact

Philip Cushman
Head of Global Institutional Sales, Institutional Equity and Credit Sales
D 646 562 1570
philip.cushman@cowen.com

Burt Welly
Head of Special Situations and Distressed Credit Trading, Special Situations
D 646 616 3063
burton.welly@cowen.com