@yieldsearcher Now do like 60% of LMM PE

@crust29015 yep - incentives are not skewed in favor of the 'honest' one. You mark down, LPs sold on 'no vol pseudo-gtd teens IRRs' lose their shit and you're sent to the land of misfit toys. otoh, keep it at ~par, 'nothing to see here', reval post-rx solving for similar mark.

@a_toney22 Congrats for being the first PC defendooor reply guy this time! My guy, shit in tech default thats inevitable BK should be in those Bigly Important PC Default rate timeseries. They aren't. Marking it 95+ while on waivers also an absolute joke, but I digress. Thanks tho.

Ron Khan says: It's fine just pick a number we will sign off on it because we don't actually care, we're just another checkbox + fee for our clients. "Thx LPs for your interest in PC Fund XXVIII please send wires immediately or GFY/ enjoy missing out on this great opportunity"

RT @junkbondinvest: Lol Iron Mountain - the OG leveraged file cabinet #LFT

@jclarkson203 Does he need any subordinated capital to fund whatever he’s doing? Asking for uh… a friend

@jclarkson203 Imaging facilities aren’t gonna roll themselves up organically

Atta boy Byron! Brilliant form on kicking the can there.

@AcronymSales @JulianBulaon @bankingslut would be nice to query ~basic things like 'calc incremental pari capacity under all baskets and show the math' - think goog notebookLM is somewhat close given how you structure a project by stuffing it with docs but still nowhere near reliable.

@JulianBulaon @bankingslut Far too generic ‘understanding’ of a CA, reads it almost like an intern with no background would. Perhaps my prompting is just way off but it’s got a loooong way to go here.

RT @bennpeifert: The people who built Silicon Valley and changed the world in incredible ways are gone. Much of the current generation are…

@jclarkson203 What if someone said “normalize private credit hate” though? Asking for a friend

@tangentstyle Creditors need to eat too… (Seriously tho give me some double digit DNB coups one more time)

@InnocenceCapit1 @pitdesi He has a pod with a lot of listeners, irrefutable proof he's an expert in everything

@taubamush @SEC_Enforcement Rule 21F-17 is whistleblower protections....

@yakker112 @Subcisivus wow this is brilliant, brb ringing houlihan now

$UNH not taking the Name Brand Hedge Fund Manager ™️ manipulation via tweet bullshit. You absolutely LOOOOVE to see it! You can delete the tweets, general.... but your shitposting is eternal.

Speaking of 'totally not securities even tho they're a perfect 1:1 copy of an equiv 144a bond that's subject to security regulations....