Distressed Credit I SEC Unapproved I Tweets are Investment Advice I Waging War Against Private Market Valuation Methodology

Joined October 2023
James Thomas Fishback has been vindicated once again
Billionaire David Einhorn’s throwing a 30th anniversary party for his hedge fund this weekend. On the invite, he says he wants the “ladies” in “sexy party clothes”. Come again? My first for @FTAlphaville: as.ft.com/r/6792c3e8-7877-43…
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The due diligence Elliott should’ve done before amassing a $1 billion stake in $LULU
We have sent Algoflows Analyst#3 to do market research on $LULU. This is what he found out.
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DIP Lenders right now:
Never seen a DIP paper get whacked like this.
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Sir, the First Brands DIP has broken below par
Situation so bad that First Brands' DIP is trading at 90 cents > DIPs are super-senior bankruptcy financing > First in repayment priority > Supposed to be low-risk When a DIP trades below par, it means even the safest loan in the capital structure is impaired The existing 1L TL? ~7.5 cents!
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NEW: Altice USA says cooperation agreement formed by Apollo, Ares, Blackrock, Oaktree et al, is an antitrust violation and takes shot at advisers behind them: on.ft.com/4ilYu8h Altice USA accuses creditors of forming ‘illegal cartel’
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“Some in our market are pushing aggressively to organize groups very early on (self-interested reasons to secure a mandate)… an unfortunate path, triggering unnecessary noise and activity around names, causing negative impacts for businesses” Who is this referencing?
This quoted post is unavailable.
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Nobody: CLO analyst underwriting the LBO:
Does anyone know the TEV or multiple Platinum Equity acquired Oregon Tool for?
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I have received communications related to a deal-away from a firm who calls themself PJT that are highly suspicious.
I have received communications related to art dealing from a person who calls themself Natasha Dobson that are highly suspicious.
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The PE partner when he sees the credit PM in the cafeteria (they are refusing to convert to PIK)
NEWS: Vista Equity Partners is now coordinating and underwriting debt deals for its own portfolio companies.
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Gibson Dunn tracking down the last lender for their co-op to go effective
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Gibson Dunn flanked by three CLO analysts
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Nobody: Sponsor DQ lists:
unavailable
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Reorg changing its name to Octus
What's something people romanticize but it's actually horrible?
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Clearlake after its 100th LME of 2025
NEW on @9finHQ: Clearlake, which has a reputation for its willingness to do battle with its creditors if it meant saving an investment, was being a lot friendlier than usual. The PE firm's execs recently met with lenders a bid to improve relationships shorturl.at/rcANB
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Aragorn, son of Arathorn and Legolas Greenleaf are reportedly on the Clearlake DQ list, per sources Additional lenders on the list include Diameter, Apollo and Silver Point
Nothing says "confident in our value creation" quite like preemptively banning 100 potential creditors for being "too difficult" Democracy dies in DQ lists
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A picture is worth a thousand words but only a few come to mind: “We’re raising a private credit fund”
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The loan carried a rate of S + 1000 and was marked at 98 at the time of arrest Yet another sign of cracks in the non-bank financial system that is catching the attention of regulators
continually impressed with the innovations in private credit:
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The Clearlake Capital Credit white paper on LMEs will be a hit for sure
Clearlake Capital Group, L.P. today announced the launch of Clearlake Credit, its specialist credit platform that will provide flexible capital solutions to dynamic businesses globally. Read more here: ow.ly/eSRo50VNokk #ClearlakeCredit #CapitalSolutions #CreditStrategy
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Restructuring advisors deciding which Clearlake they should reach out to
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I once asked Buffett about his ownership of Apple at a private luncheon. Fantastic story and insights. Someone recorded the conversation & later transcribed it into a PDF and gave me copies. Great PDF, can’t share but maybe someone else who has a copy will.
I once asked Buffett about his ownership of Moody’s during the GFC at a private luncheon. Fantastic story and insights. Someone recorded the conversation & later transcribed it into a PDF and gave me copies. Great PDF, can’t share but maybe someone else who has a copy will.
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