Transcript
Introduction
Eric
My guest today is Tony Cappell, the Co-Founder and Principal at the Chicago Atlantic Group. In 2018, Tony saw an opportunity to build a private credit business in cannabis and has since built Chicago Atlantic into the largest lender in the space.
We start by talking about the early days of Chicago Atlantic, we then move on to the challenges of underwriting in cannabis, his views on the industry and on competition from other lenders. We end with a discussion on the overall state of the private credit market and an outlook. Please enjoy this conversation with Tony Cappell.
Eric
Tony, I'm excited to do this today. I was at a conference for RIAs, and there were so many alternative funds there. And I think that at that point in the day, I had probably spoken to 30 private credit funds, and this young guy comes up to me, tells me he works for a private credit fund and he says, "Do you want to hear our pitch?"