kbareman

I promise to not tweet about things on CNBC that annoy me.

[kbareman @kbareman]

@LeylaKuni Retail should just do closed-end funds where carry is paid upon realizations.

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@CSayf23 I recall hearing Beilein as a guest commentator during a game say if he had been around he never would’ve let Blackwell leave the state.

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@LeylaKuni @BigJohn043 Do they all use the same 3rd party valuation service?

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@ACapitalLP It’s a tough business for traded markets. Goldman did an ipo for their Petershill business and the stock struggled a lot before being taken private again.

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@SpartanHoops_DK Assuming Carr, Scott, Teng, Ogo, and Fears return, curious where the minutes come from.

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@lewdennen @Gr33n247 But isn’t the point that Illinois is a bigger ‘reward’ for Duke (the 1 seed) vs giving them MSU?

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@SpartanHoops_DK Other open question is Ngongba. They say day-to-day but they always say that. Really a wild card.

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@kieranwgoodwin A lot of end buyers knew they could get gates, just accepted the risk to pursue the higher returns

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@deccalanecap @kieranwgoodwin If it’s direct lending in a closed-end fund, a lot of them trade in the M90s.

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@gfgeorge3 @zerohedge This. Boaz is agreeing with BO that the assets are worth far more than the market price. He’s happy to fleece panic selling retail.

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@sonalibasak @boazweinstein No, Boaz and BO are both bullish on the underlying assets. It’s Boaz vs the private credit bears.

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@Steve_Sailer @Peter_Nimitz The comp is less of an issue than the fact that all investment decisions get second-guessed by politicians who don’t know what they’re talking about.

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@umhoops This is the commentary that confirms why I subscribe to the site, Dylan. Great live observation

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@eric_shap Fears had 31 on 9/20 and 12/14 at the line. How do you covert FTA to shot equivalents? He isn’t even all that efficient.

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@unusual_whales @grok how does this compare to the last 40 years?

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@junkbondinvest You’re missing the worst part - the GP keeps ~half of that asset level return in fees!

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@Alex_Drain Matt Entz from Fresno St

[kbareman @kbareman]

@RRCSLC @DylanEveryday But reportedly the difference is very minor. Doesn’t mean it can’t change later, but 1-2% more is not material. It’s not like they’re expecting double that of NW or Minnesota.

[kbareman @kbareman]

@cronoskapital @LeylaKuni @grok I’m guessing it was in default and the Special servicer was advancing payments. The loan was auctioned (“auctioned”) off to repay the bond holders, who got far less than par.

[kbareman @kbareman]

@LeylaKuni @Moe_Shaltout You’d need to apply a loan-by-loan SEV to each loan, and if you know the unitranche detachment point point (they aren’t all uniform) you could assess expected loan-by-loan loss given default expectations.