@stephsmithio probably varies based on profession, big law it means hopefully before you wake up tomorrow... vs tonight meaning hopefully around midnight and this evening meaning before midnight
@bayareawriter@Yieldstreet It should not be viewed as an alternative - PE sponsors regularly use warehousing facilities and would never consider VC an alternative. YS is doing it for the same reason as a Bain or Silver Lake - the lenders want exposure to the YS portfolioβ¦
The @Yieldstreet facility isnβt relevant - companies offering investments in credit and real estate regularly use warehouse facilities and the YS facility doesnβt speak to whether they could/should raise debt vs equity
Why we are seeing more debt financings in the fintech world, a spotlight on Africa with a special contribution from @ulonnaya and other news highlights from the past week.
https://t.co/IrHpH1FLZj
Instead the facility gives them time to syndicate the deals they find without taking balance sheet risk -giving borrowers assurance on a minimum size and timeline and letβs YS compete with institutions for deal flow @bayareawriter