Debunking Private Credit Risks

Рет қаралды 5,529

Ай бұрын

Joshua Easterly, Sixth Street Co-Founding Partner, Co-President and Co-CIO defends the safety of private credit and talks about the gaps it can fill.
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Пікірлер: 6

@thebarryman 18 күн бұрын

How exactly does he "mark to market" assets that do not trade on any market?

@abdeldu133 13 күн бұрын

That’s the tricky bit. You have to value it either intrasecally either through comparable. There is very little content out there explaining how. Even asset managers themselves got no idea how it is done. In my opinion it should be valued at par unless written down. But the MtM sounds fancy in front investors. Big mistake in my opinion.

@thebarryman 13 күн бұрын

@@abdeldu133 seems wild to me that he gives that as an example of why his sector is "less risky."

@xxyyzz8464 Ай бұрын

These comments may not age well for Mr. Easterly when all is said and done. Private credit has a pretty small market weighted sample size, and just because you’re “private credit” doesn’t mean you can’t have a business model problem that bankrupts you and your investors.

@lambertois11 Ай бұрын

Clearly this man is preaching for his parish ! The key difference between private equity and hedge funds, is the valuation of their assets ! Hedge funds assets are evaluated based on their market value ! The evaluation of private equity assets are based on the evaluation of the main partners !