ELFA is delighted to share its Annual Review of the 2024/25 membership year.
Mike Dolan, Chair of ELFA’s Board says, “It was a pivotal year, marking Ed Eyerman’s first as CEO…the need for a strong, coordinated buyside voice has never been greater. The continued shift in influence towards issuers and advisers is not abstract—it is visible in documentation, processes and outcomes across leveraged finance. Ed’s vision is clear: to ensure ELFA is the most effective platform for collective buyside advocacy—one that does not simply respond to market developments, but actively shapes them…”
Ed Eyerman, CEO says, “ The troubling and increasing trend in Europe toward issuer-on-creditor violence, and creditor-on-creditor violence led to the recent establishment of our Restructuring Committee with three new Co-Chairs representing the bond, loan and private credit markets. The core objectives of this committee are to protect the integrity of the capital structure and the principle of pari passu while emphasising value recovery for creditors as opposed to value extraction.
Other highlights for me included several publications promoting best practices on transparency and disclosure including quarterly instalments in our Loan Transferability Series, and two instalments on CLO Reporting & Disclosure .. and the ELFA Annual Conference in October which generated record attendance and positive coverage for ELFA’s willingness to address challenging issues in primary, secondary, and restructuring markets from the buyside perspective.”
We look forward to seeing many of you at our 2026 Annual Conference on 13th October where we will share updates on our 2026 initiatives and work.
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