Me if there was an award for missing out on generational wealth

The typical HY and Leveraged Loan issuance has like 100 different lenders - the syndicated loan market means a very vast lender pool. Hence, there's A TON of different buyside credit seats. Here's a high-level look at compensation trends in the industry from @Buyside_Hub

Ngl, I'm genuinely not sure if we even get any cuts this year. I see zero reason to cut in this environment.

Seeing Meme Stocks suddenly up 100% like it’s 2021

Interesting callout from a distressed debt shop, Glendon, the other day re: troubled PE companies creating a big opportunity for distressed debt investors. They said “the PE bubble is unraveling” “We see opportunities in the near-and-medium-term arising from an unprecedented backlog of PE related maturities that have to be worked out, particularly from the 2019 through 2022 vintages.” They’re talking their book but they previously traded Frontier, Talen Energy, Revlon and Intelsat in their prior fund

Good article today in BBG on mid-size PE really struggling. They really went hard after Trilantic, citing serious trouble fundraising and a ton of attrition. Onex, Crestview, Vestar, and Madison Dearborn were also called out.

“We’re short a bunch of shitcos that are getting squeezed”

There’s something really disturbing about @pulte pumping out 20 “Jay Powell needs to resign” “Hearing rumors Jay Powell will resign” tweets a day. Slimey guy

Private Credit has been a fast growing asset class and my bread and butter. We've looked at a TON of direct lending comp data - at big shops like Antares, Apollo, Ares, GS, and Golub. On Buyside Hub, we're absolutely loaded with Private Credit comp data - here's our findings:

They can’t keep getting away with it