Remove Buyout Remove Passive Investors Remove Shareholders
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Private Credit, Meet “Higher for Longer”

Blackstone

From March 2009 when the S&P 500 traded at 13x earnings to August 2020 when it peaked at 23x, a passive investor in the market earned 16% per annum. Private credit provided 65% of loans for the leveraged buyout (LBO) market in 2021 and 86% for the market as of year to date 2023. Private credit funds tend to be levered ~1.0x

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The Double Standard of Female CEOs Moving Fast and Breaking Things

This is going to be BIG.

No matter how bad things got, it didn’t seem to occur to anyone, not even to that one pair of outspoken investors, that perhaps the CEO should get tossed—or at least they weren’t willing to say it. Not in the “founder friendly” culture of tech anyway. Travis should hire her back?? He should have been long gone. I believe it still will.

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