Remove Capital Remove Due Diligence Remove Passive Investors
article thumbnail

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. First, managers focus on first lien seniority When economic environments are uncertain or choppy, sitting up in the capital stack can be beneficial for investors.

article thumbnail

Author Lawrence McDonald Chats With "Motley Fool Money"

The Motley Fool

There's been a lot of different sectors, has been a capital retention management style where companies are holding capital and a lot of their building up cash and they want to return that cash to shareholders. Also the biggest point that we make in the book from this perspective is the passive revolution.

Assets 130