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Joined November 2019
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3 May 2022
Non-traded '40 Act funds in private credit are doing fine.
This is what "non-correlated" means:
• Blue Owl raises $500m for a $2b BDC today
• Apollo closes acq of Griffin capital and their $6.5b AUM today
• $FROPX yield is >12%, raised div 3x since 2019
Get it?
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16 Nov 2022
Yeah it's been a while
Since public mar-kets looked o-kayy
And it's been a while
Since I first told you
And it's been a while
Since nor-mal guys could inv-est in priv-ate cred-it
And it's been a while
Since you listened
#intervalfunds
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IntervalFunds.org retweeted
14 Jun 2022
One cycle I wish we could break: The one where investors begin a mad search for noncorrelated/diversifying assets AFTER the markets tank, then capitulate and sell the diversifiers when their performance struggles and conventional assets start performing better. 🤦♀️
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8 Jun 2022
We hit our threshold on fielding questions about redeeming shares of the ACAP Strategic Fund (kind of...an elaborate and expensive $ARKK).
So here's the 101 instead of writing yet another email.
intervalfunds.org/insights/r…
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1 Jun 2022
PSA: buying ETFs that "provide diversified exposure to large-cap companies that have relatively strong environmental policies" doesn't help the environment
foxbusiness.com/personal-fin…
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3 May 2022
Non-traded '40 Act funds in private credit are doing fine.
This is what "non-correlated" means:
• Blue Owl raises $500m for a $2b BDC today
• Apollo closes acq of Griffin capital and their $6.5b AUM today
• $FROPX yield is >12%, raised div 3x since 2019
Get it?
2
9
3 May 2022
Times like these, it's nice to be long on floating-rate senior secured corporate loans. At least so far.
There's a reason private credit crossed the $1 trillion mark in 2020. Don't be scared to look outside daily redeemable public securities.
28 Apr 2022
Oops, SEC might not like how you make money selling ETFs - but the regulatory landscape continues to be refreshingly boring and predictable for interval funds.
ft.com/content/e32b55a6-bbf9…
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18 Apr 2022
Investment management atty calls on SEC to target Cathie Wood for juicing $ARKK in media appearances.
She won't get as much flak for talking up her new interval fund though - interval funds trade at NAV and are generally less subject to market whims.
citywireusa.com/registered-i…
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13 Apr 2022
Congrats @firsteaglefunds for cracking the retail channel and passing $350m.
With a 7.11% distribution yield - not unique to private credit - I'm curious how all the dividend ppl on FinTwit still justify sticking to 60/40
businesswire.com/news/home/2…
7 Apr 2022
Mount Logan registers the Opportunistic Credit Interval Fund with a $1m minimum, which includes allocation to solar financing with no mention of being eco-friendly.
The firm clearly sees value in solar credit outside of the marketing boost. Check it out: intervalfunds.org/insights/m…
7 Apr 2022
Two for @PIMCO today.
If you like passive income, but don't enjoy paying California income taxes, you might want to check out their newly registered interval fund: intervalfunds.org/insights/p…
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5 Apr 2022
Now Barclays wants a shot at private credit, less than a year after Morgan Stanley closed its third US private credit fund at $1.6b.
What's your private credit allocation? If you're not accredited, it's probably zero without interval funds.
finance.yahoo.com/news/barcl…
30 Mar 2022
Fossil fuel ETFs vs green energy ETFs:
Same impact on energy companies (none)
Same impact on climate (none)
seekingalpha.com/news/381803…
30 Mar 2022
It's Wednesday, so once again the SEC is putting heat on anything that isn't a '40 Act fund
finance.yahoo.com/news/u-sec…
28 Feb 2022
Want to invest in private credit and access risk-adjusted return, low correlation, and strong yields?
How about the upside from exposure to pre-IPO equity?
The SEC is considering making these 10x harder to access - but you still have options if you know where to look.
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28 Feb 2022
If the SEC follows through, then this sucks for income investors, particularly retirees and the #FIRE community.
But hope is not lost.
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28 Feb 2022
Unaccredited? You can still invest in private markets via interval funds and other unlisted '40 Act funds.
If the SEC does raise the threshold, interval funds will be one of most peoples' only options to gain private credit exposure.
*mental note
intervalfunds.org/insights/i…