The Funding Guy

[The Funding Guy @TheScrapingGuru]

At 11:17, Oaktree says of the 2021/22 vintage:

“Unfortunately, they levered up the wrong companies.”

Oaktree had already been managing $OCSL for four years by 2021. How much of the underwriting they’re criticising was actually theirs?

https://t.co/l3rGcLvB2i

[The Funding Guy @TheScrapingGuru]

4.2% of $OCSL’s portfolio was on non-accrual at cost in June.

Oaktree’s $2.7bn public BDC has also been grinding down NAV for years. It’s a bit rich hearing Oaktree talk about poor underwriting as something other managers did.

[The Funding Guy @TheScrapingGuru]

@erik_rnf Yeah idk what Siegenthaler at BOA is smoking today with his price target. I'm not sure how they close the gap though, float is fairly thin, they dont want to buyback too much more stock

[The Funding Guy @TheScrapingGuru]

@TomSmith839 Yeah strong results, paying 7x fwd FRE is so cheap for such sticky fast growing fee income. I see the short interest is weirdly high too, idk who is shorting at these levels.

I wish mgmt would buy back more stock but I know they have said they want to preserve free float

[The Funding Guy @TheScrapingGuru]

@Martyn_Lockhart I dont disagree but you have to look at fee paying AUM which for Bridgepoint is about half of their AUM before this aquisition. There are a lot of commited capital that is yet to be fee paying but should be soon as well as some AUM that will never be fee paying.

[The Funding Guy @TheScrapingGuru]

@askjussi A bit upset with the q1 call and the new ceo - it sounds like they aren't interested in scaling their fee income anymore - cost of capital is really high right now and debt isnt an option

Their property servicing business is on fire though, maybe a spin off makes sense here

[The Funding Guy @TheScrapingGuru]

@zequalizer @JulianKlymochko @grok Its OTF

[The Funding Guy @TheScrapingGuru]

@SavvyStewards @JulianKlymochko @grok OTF

[The Funding Guy @TheScrapingGuru]

$OWL bears screaming software exposure... OBDC is 11.5% software, 80% senior secured, 42% net LTV. 4 pension funds just bought $1.4B at 99.7% of par with demand EXCEEDING supply. Thats your mark validation. If the book was impaired they wouldnt be buying at par would they

[The Funding Guy @TheScrapingGuru]

@pvtcreditguy Great take, im getting really confused at all the negative press on specifically blue owl - I think mgmt is doing a great job at handling this

[The Funding Guy @TheScrapingGuru]

@stockgutter This is common for Patria, they buy smaller funds in other markets that they can sell to their LATAM clients in LATAM friendly structures. They did the same with the abrdn PE fund in europe. They are trying to become a one stop shop for their LATAM clients.

[The Funding Guy @TheScrapingGuru]

Sugarfina Corp secures $24.2M Series B funding 🚀 Building innovative solutions for the future. #TechStartup #VentureCapital #StartupFunding #Innovation $Sugarfina

[The Funding Guy @TheScrapingGuru]

@Mr_Neutral_Man Partly agree. Most LLM answers still rely on Google search for fresh data like pricing and reviews. Risk is when retrieval moves in house or to other indexes. Even now bots show ads without clicks, hurting auctions. Search is ~50% of revenue and highest margin, not priced in.

[The Funding Guy @TheScrapingGuru]

BluePath Finance, Inc. secures $75.0M Series B funding 🚀 Building innovative solutions for the future. #TechStartup #VentureCapital #StartupFunding #Innovation $BluePath

[The Funding Guy @TheScrapingGuru]

Genabot, Inc. secures $2.0M Seed / Early Stage funding 🚀 Building innovative solutions for the future. #TechStartup #VentureCapital #StartupFunding #Innovation $Genabot,

[The Funding Guy @TheScrapingGuru]

1st American Nuclear Co. secures $10.0M Series A funding 🚀 Building innovative solutions for the future. #TechStartup #VentureCapital #StartupFunding #Innovation $1st

[The Funding Guy @TheScrapingGuru]

Proof Technology, Inc. secures $20.0M Series A funding 🚀 Building innovative solutions for the future. #TechStartup #VentureCapital #StartupFunding #Innovation $Proof

[The Funding Guy @TheScrapingGuru]

xTAO Inc. secures $7.3M Series A funding 🚀 Building innovative solutions for the future. #TechStartup #VentureCapital #StartupFunding #Innovation $xTAO

[The Funding Guy @TheScrapingGuru]

Ridwell, Inc. secures $15.0M Series A funding 🚀 Building innovative solutions for the future. #TechStartup #VentureCapital #StartupFunding #Innovation $Ridwell,

[The Funding Guy @TheScrapingGuru]

Bioleum Corp secures $21.7M Series B funding 🚀 Building innovative solutions for the future. #TechStartup #VentureCapital #StartupFunding #Innovation $Bioleum