@LarrySabato@PaulJacobsMedia You're assuming the Democrats actually have principles and want to do something. What if they want to seem like they care long enough to stay in office, get donations now and a nice corporate/lobbying giga when they leave.
@BoringBiz_ In many instances though these are being purchased by outside firms who have access to both LP and GP led secondaries. And the original GP is a net investor (rolling over their promote and holdings) into the new entity. The reason for discount difference may be "higher quality."
@investor248@LPInvestor I had heard similar. But these fundraisers are stupid too because there likely won't be a profit/promote. Meanwhile Rise will keep acquiring at 4% fees to keep the lights on.
@LPInvestor The seven properties in this particular rescue fund were all 2021 acquisitions. They're using a third ($11 some million) of the proceeds to pay themselves back loans they had extended to keep these afloat while getting acquisition fees on new deals pretending no distress.
@RasmusJarlov Honest question: What did Iran or North Korea ever do to Denmark for them to even be mentioned in the same breath as someone trying to take their territory?
@ianbremmer The United States, closely allied with worldwide dictatorships and genocidal regimes, is not in a position to criticize elections globally. Any pretense to care about democracy or human rights rather than imperialism and confiscating natural resources rings hollow.
@chernobelskiy Many LPs miss that some GPs have figured out LP obsession with cashflow so they pay cash flow from capitalization even when there's no distributable cashflow from operations. In some funds this allows continued fundraising "with cashflow immediately" in a ponzi like structure
@chernobelskiy Technically he's not lying. He'll give you some of your money back as cash flow first year or two before he loses all of it as this bailout deal on his failing project collapses. Also, this disclaimer: