Banking Pledge

meme maker (can’t be replaced by AI)

[Banking Pledge @bankingpledge]

HVAC unit probably installed by a PE backed HVAC rollup

[Mike Masco @MikeMasco]

BIG FIRE ON MANHATTAN SKYSCRAPER ROOF IN MIDTOWN .. looks like the entire HVAC unit is involved @PIX11News

[Banking Pledge @bankingpledge]

@MrJulius007 @HighyieldHarry Life after you buy BDCs trading at heavy discounts to NAV bc Boaz blessing us all with buying opportunities

[Banking Pledge @bankingpledge]

The White House just shot up to the top of every M&A League Table EVER 🚀🚨

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The Trump Administration will receive a $10 billion fee for brokering the sale of TikTok, per WSJ.

[Banking Pledge @bankingpledge]

This dude is single handedly rage baiting the entire Private Credit industry 😂😂

[Nick Nemeth (Mispriced Assets) @NickNemo17]

$CCLFX charges 1% to own funds that charge 1.5% + 17.5% incentive fees over 6% (Blue Owl). On assets marked by the people collecting those fees just like they do. I am ignoring expense fees.

I am happy to be corrected... if I should be corrected. I am in search the truth and TRANSPARENCY. That is an easily defensible statement as much that I've said is.

Just wait to see everything sourced, cited, justified. I am pushing back on private market assumptions and they are not used to that. I am. I can handle it.

[Banking Pledge @bankingpledge]

Real question is will Blue Owl be sponsoring more Tennis players this year or was that peak Private Credit??

[Banking Pledge @bankingpledge]

This is spot on. The current narrative is being driven by 1) the media and 2) grifters.

1) the media probably doesnt understand the asset class well enough

2) the grifters understand the asset class, but looking to drive panic selling so they can buy for cheap.

[Acacia Capital @AcaciaCap]

Two things can be true. Private credit will be fine (similar defaults to BSLs). Private credit managers will not

[Acacia Capital @AcaciaCap]

Two things can be true. Private credit will be fine (similar defaults to BSLs). Private credit managers will not

[🅿️ @the_P_God]

Why build an AI company when you can build an e-commerce company worth $10.1B

[Banking Pledge @bankingpledge]

@FinanceLancelot Good exit opps for all the soon to be unemployed Private Credit guys 👍

[Banking Pledge @bankingpledge]

@IlliquidInsight Is this payment default or technical default? Wonder what the “n” in this data set is

[Banking Pledge @bankingpledge]

@kieranwgoodwin

[Banking Pledge @bankingpledge]

@HighyieldHarry Thank you, Harry. Please blast the report to every group head on Wall Street. Best, BP.

[Banking Pledge @bankingpledge]

@JulianKlymochko THEY CANT KEEP GETTING AWAY WITH THIS

[Banking Pledge @bankingpledge]

@IlliquidInsight AI solves this

[Banking Pledge @bankingpledge]

Vlad!! Whattup my boy! Yea - listen we need that sweet Russian crude for the low my guy.

What do you say we wrap up this Ukraine thing?

[Banking Pledge @bankingpledge]

Separately, a lot of zombie Distressed credit fund managers coming out of the woodwork to roast PC. PC guys should ask them to post their returns for the last 10 years before casting stones at another asset classes.

[Banking Pledge @bankingpledge]

Best leading indicator of Private Credit fund performance will actually be talent turnover at the mid and senior level. These guys comp is largely carry driven. If they start to see underperformance, they’ll jump ship.

One bad loan in a fund could wipe out the fund carry

[Banking Pledge @bankingpledge]

In like 4 years, we went from everyone buying pictures of monkeys for $1mm to everyone arguing whether Private Credit loans should be marked at 95 vs 99. Investing is crazy.

[Boring_Business @BoringBiz_]

Type of girl you meet right after you quit your $400K/yr finance job to join an AI startup that is still pre revenue