Brian (@arbitragegod) 's Twitter Profile
Brian

@arbitragegod

Portfolio Manager/Investment Advisor. Not advice. May have positions in mentioned securities. I build diversified portfolios/dont recommend individual stocks.

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linkhttp://birchwoodcapital.co calendar_today05-12-2010 00:24:20

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Austen Allred (@austen) 's Twitter Profile Photo

Kinda funny that the two stories dominating my X feed are: 1. Needing to take 5% of net worth from billionaires to prop up government spending 2. Fraudsters brazenly taking billions of dollars of taxpayer money with little being done to stop it

Gene Parmesan (@dsonoiki) 's Twitter Profile Photo

I usually stick to jokes, but this Don Lemon stuff crossed a line if Don Lemon can get arrested, imagine what the next democrat president might do what if they arrest Steve Bannon? or Rudy Giuliani? or even Donald Trump?

Julian Klymochko (@julianklymochko) 's Twitter Profile Photo

Blue Owl just announced the sale of $1.4 billion of private credit loans (including, gasp, software loans!) to a group of institutional investors at 99.8% of par value. Meanwhile, its BDC prices imply its loan book at 73-78% of par value. $OBDC $OTF

Blue Owl just announced the sale of $1.4 billion of private credit loans (including, gasp, software loans!) to a group of institutional investors at 99.8% of par value.

Meanwhile, its BDC prices imply its loan book at 73-78% of par value.

$OBDC $OTF
Phil Huber (@bpsandpieces) 's Twitter Profile Photo

To be clear, the fund being referenced is *not* an interval fund, it is a BDC. This may seem like splitting hairs because they are both lumped together as evergreen/semi-liquid fund structures, but there are important distinctions - much in the same way there are meaningful

Acacia Capital (@acaciacap) 's Twitter Profile Photo

Hasn’t his team been complaining about private credit and BDCs on here for weeks? This is economically no different than if $OWL merged the private fund into the public fund, which was bad for investors.

Brian (@arbitragegod) 's Twitter Profile Photo

The irony of all the noise in private credit is that as flows slow down or even reverse… risk adjusted returns improve with the wherewithal to stay in the game. $OWL $Ares $Apo $bx $kkr $cg $tpg

Sag Harbor Capital (@sagharborcap) 's Twitter Profile Photo

Bad take. Investors signed up for 5% quarterly liquidity in exchange for higher returns in a less liquid asset class and there’s no reason they shouldn’t have to live with it, lmao

Brian (@arbitragegod) 's Twitter Profile Photo

the same people spreading fear, uncertainty, doubt calling for a crisis over private credit are the same people criticizing the fund redemption limits/gates...which coincidentally is going to prevent the crisis they are calling for

Joey Mannarino 🇺🇸 (@joeymannarinous) 's Twitter Profile Photo

Viktor Orban didn’t cancel any elections and never arrested people for social media posts. He also stepped down after his election loss and is partaking in a peaceful transfer of power. But, don’t forget, he was a dictator. Keir Starmer attempted to cancel about 1,000 local