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Bonds Misunderstood
The Agg returned 1.1% a year over the last decade. T-bills returned 2.4%. A 26-year fixed income veteran on what bonds can and can’t do for you now.
10 hrs ago
•
Leyla Kunimoto
and
Itai Lourie
28
3
The Evergreen Liquidity Divide
Private credit investors want out. Private equity investors are still coming in. What Q2 filings from 220 funds show us.
Oct 28
•
Leyla Kunimoto
44
1
Daily Marks, Same Information | A CV buys a CV | CMBS Delinquencies
🗞️ Sunday digest: private markets insights 10/18
Oct 18
•
Leyla Kunimoto
40
1
Help Me Write to the SEC | A Fund Considers Splitting | AI Is Now Half of IG Bond Issuance (and so much more)
🗞️ Sunday digest: private markets insights 10/3
Oct 3
•
Leyla Kunimoto
56
14
4
Wider Doors for Private Markets | 274 Days to Close | Sponsor Reputation Has a Price | CRE Transaction Volume Up
🗞️ Sunday digest: private markets insights 9/12
Sep 12
•
Leyla Kunimoto
47
3
From Par to Pennies: The Problem With Private Credit Marks
Blue Owl carried $133 million of Loparex’s most junior debt near par. Six months later, it was worth five cents on the dollar.
Sep 10
•
Leyla Kunimoto
50
5
1
Apollo’s $9 Billion Deal is Neither Fish Nor Fowl
How ONEOK gets equity capital, Apollo gets debt-like cash flows, and insurers may ultimately get investment-grade securities.
Sep 6
•
Leyla Kunimoto
57
7
7
AAA CLOs Have Never Lost a Dollar
That’s an impressive statistic. It’s also probably not the statistic that matters to you.
Sep 3
•
Leyla Kunimoto
49
4
No Sellers at a 26% Haircut | Apollo Invests $1B in SREIT | Vanguard's $4B Bet on Advisors
🗞️ Sunday digest: private markets insights 8/30
Aug 30
•
Leyla Kunimoto
44
6
4
A Roadmap to Private Capital and Insurance Risk
A field guide to the private asset categories hiding on insurance balance sheets
Aug 27
•
Leyla Kunimoto
and
Rod Dubitsky
70
8
7
Hard Money Fund in an Evergreen Wrapper: First Eagle Real Estate Debt Fund
Why the 8.25% yield isn’t the whole story
Aug 17
•
Leyla Kunimoto
51
1
TCP Sold Half Its Portfolio. NAV Fell 10%, Stock Rallied. What Happened?
How selling 48% of a BDC’s loan portfolio turned into a 10.4% NAV hit, and why the headline 5% discount doesn’t tell the whole story
Aug 8
•
Leyla Kunimoto
63
6
1
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