Commentary
The Great Stay-In (Fifth of a Series)
“As goes COVID-19, so goes the nation.” Paraphrasing the famous 1950’s dictum on General Motors’ relationship to the welfare of…
Read MoreThe Great Stay-In (Fourth of a Series)
“We did not underwrite for this.” So said the managing partner of a top-tier middle market private equity firm. In…
Read MoreThe Great Stay-In (Third of a Series)
“The three main U.S. stock indices closed at record highs as concerns over the coronavirus outbreak’s economic impact seemed to…
Read MoreThe Great Stay-In (Second of a Series)
This week we’ve been doing bedchecks on our lender friends in the credit markets. We caught up with one long-time…
Read MoreThe Great Stay-In (First of a Series)
In our January 8th 2020 commentary, “Of Bubbles and Gum”, we reviewed credit market conditions in the wake of the…
Read MoreTop Ten Myths About Private Credit (Last of a Series)
Myth #9: “Without a public benchmark, private credit returns aren’t dependable” Private credit assets are illiquid, and don’t trade. That…
Read MoreTop Ten Myths About Private Credit (Sixth of a Series)
We spent our winter break last week at an Arizona dude ranch. In the horse barn we spotted a sign:…
Read MoreTop Ten Myths About Private Credit (Fifth of a Series)
Here are the next two fables in our continuing special series on myths of private credit: Myth #5: “No one…
Read MoreTop Ten Myths About Private Credit (Fourth of a Series)
This week in our continuing special series on the private credit myths, we come to: Myth #3: “We’re late in…
Read MoreTop Ten Myths About Private Credit (Third of a Series)
We continue our special series this week with : Myth #2: “Private credit is the next market bubble.” The same…
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