Commentary
Private Credit – The Final Reckoning (Last of a Series)
Markets happen when you’re making other plans. This was true again last week as confrontation with Iran, instead of caving…
Read MorePrivate Credit – The Final Reckoning (Third of a Series)
We spoke recently to a C-suite executive of a global specialty chemicals company about how tariffs are affecting his business.…
Read MorePrivate Credit – The Final Reckoning (Second of a Series)
Those who talk about risks in private credit should also keep in mind that investors always look at relative risk.…
Read MorePrivate Credit – The Final Reckoning (First of a Series)
Moviegoers know that Tom Cruise “does his own stunts.” We always assumed this mostly meant riding motorcycles fast. And even…
Read MoreLetter from Tokyo (Last of a Series)
“Rice supplies in Japan still low, with prices almost doubled since a year ago.” – Headline, Asia News Network. Always…
Read MoreLetter from Tokyo (Second of a Series)
Last week we came to Tokyo for meetings with our investors and friends in the region, as well as participating…
Read MoreLetter from Tokyo (First of a Series)
We began our visit to Tokyo this week attending S&P’s Structured Finance Seminar 2025. Along with almost 200 Japanese bankers…
Read MoreThere’s a New Tariff in Town (Second of Two Parts)
One criticism of private credit goes something like this: “Sure, private credit has a pretty good track record. But that’s…
Read MoreThere’s a New Tariff in Town (First of Two Parts)
This week we look at questions from clients and friends surrounding the issue of tariffs. Not surprisingly, as we’ve discovered…
Read MoreLetter from Kuala Lumpur (Second of Two Parts)
APAC countries each have their own path to investing in alternatives and private capital. Most key Malaysian institutions began with…
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