Jim Woolery

Hey everyone, I'm Teddy Downey, Executive Editor at The Capital Forum, and this is Private Credit Crisis, our new weekly podcast that explores solutions to problems in the world of private credit.

In our last episode, lawyer Jim Woolery walked us through why the values private credit funds put on their loans can't be trusted.

This week, I want to talk about where those loans end up on the balance sheet of life insurers.

If you have a life insurance policy or an annuity with an insurer owned by private equity, there's a chance it's lost in a labyrinth of foreign shell companies that lets the insurer hold less money in reserve to pay you.

including incentives that privatize profits and socialize losses.

For our first episode of Private Credit Crisis, which we're calling Lies, Loans, and Lawsuits, my colleague Josh Cosman and I sat down with Jim Woolery, Jim's a veteran attorney, and he walks us through the lawsuits that he is bringing on behalf of investors who allege that private equity firms are inflating the assets on their balance sheets and charging inflated fees for managing those assets, even as the performance of those assets is objectively deteriorating.

And a quick note for listeners, we taped this interview on September 1st.

It was a really great conversation, and I hope you enjoy it.

welcome i'm teddy downey executive editor here at the capital forum today i'm pleased to be joined by my colleague josh cosman who uh has written a book about private equity and has followed the space for many years as a reporter and our featured guest is jim woolery founding partner founding partner of Willery & Company, a strategic law firm operating at the intersection of law and corporate finance.

Jim previously served as a senior partner at Krabath, Swain & Moore, co-head of mergers and acquisitions at J.P. Morgan and co-founder of Hudson Executive Capital.

Jim, thank you so much for doing this today.