1) there are a ton of companies willing to borrow wide of where they could issue in the public IG markets; or 2) there is a ton of capital willing to get put to work in illiquid credit with no spread premium. I’m guessing we’re gonna see the latter if Rowan et al are right. Caveat emptor!
congrats to everybody at HPS after the 3-year earn out, you win at life
it was so great, and I’m glad it introduced me to your posting!
Joe Brandon’s biggest failure is not getting those two middle eastern client states to follow instructions
this direct lending dry powder ain’t gonna use itself, Mr. Rowan!
Gambling is a terrible vice, which the Great Awakenings in the 19th century broadly recognized. In unwinding most of the legislation restricting gambling in the US, we basically went 0-100mph on gambling in the last 5 years, which feels super gross and very obviously predatory
should add that the party started at 11am, which is also an ideal SP time
the parents at today’s 5 year old birthday party had a margarita bar *with bartender* and it went over WELL
