When LevFin Insights examined growing concerns over credit cracks, they turned to Matt Hays, Chief Risk Officer at Gryphon Strategies, for his expert take. Read more for his expert insight and connect with us to learn how Gryphon helps clients navigate complex credit and counterparty risk.
There are several ways for lenders to conduct due diligence, including in-house, AI technology or through a third party that offers due diligence, investigations and business intelligence.
“We only see a portion of the due-diligence process,” said Matt Hays, partner and chief revenue officer at Gryphon Strategies. “We typically do an in-depth background assessment before a deal closes. We don’t want to kill deals, but we caution clients to be as careful as possible.”
“We only see a portion of the due-diligence process,” said Matt Hays, partner and chief revenue officer at Gryphon Strategies. “We typically do an in-depth background assessment before a deal closes. We don’t want to kill deals, but we caution clients to be as careful as possible.”
Even so, the role of diligence is to fully inform investors and managers so that they make the best decision based on the information available. Findings may also help sponsors or managers in moving forward with succession plans or operations for a business.
“We rarely find stuff where the clients go pencils down on a deal,” said Hays. “Sometimes if we’re looking at a family/founder-owned business and there are huge management issues, we may advise the client to find a quicker exit path for the existing management.”
