Nice interview. These guys are all very polished and persuasive. I wonder what an interview with someone from FSK 5 years ago would sound like? Just as convincing?
1) Great question from you....How do you win deals? (if you're so conservative)
2) These guys launched a new interval fund 4 days ago. Very interesting, to say the least, given the environment.
3) About us...."primary investment objectives across our products are (i) to preserve capital in all market conditions and (ii) to generate attractive rates of return with low volatility"...well, yes. I think I've heard/read that before.
4) Blue Owl is a strategic investor in the firm...Hmmmm
Good interview. Since they are essentially funding levered microcaps seems end of day the risks are material with these smaller businesses. However, with lower leverage, a financial covenant or two, lower multiples and less aggressive EBITDA adjustments, monthly reporting plus more asset-heavy cash flowing businesses the mitigants are real. In a bigger industry downturn have to weight which of the lower MM BDCs are the best buys
Nice interview. These guys are all very polished and persuasive. I wonder what an interview with someone from FSK 5 years ago would sound like? Just as convincing?
1) Great question from you....How do you win deals? (if you're so conservative)
2) These guys launched a new interval fund 4 days ago. Very interesting, to say the least, given the environment.
3) About us...."primary investment objectives across our products are (i) to preserve capital in all market conditions and (ii) to generate attractive rates of return with low volatility"...well, yes. I think I've heard/read that before.
4) Blue Owl is a strategic investor in the firm...Hmmmm
Good interview. Since they are essentially funding levered microcaps seems end of day the risks are material with these smaller businesses. However, with lower leverage, a financial covenant or two, lower multiples and less aggressive EBITDA adjustments, monthly reporting plus more asset-heavy cash flowing businesses the mitigants are real. In a bigger industry downturn have to weight which of the lower MM BDCs are the best buys
Since the Sound Point BDC is private another question is “which publicly listed BDCs mirror their investment approach?”