# ![@LeylaKuni Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1523062908929798144.png) @LeylaKuni Leyla

Leyla posts on X about debt, money, the first, private equity the most. They currently have [------] followers and [---] posts still getting attention that total [------] engagements in the last [--] hours.

### Engagements: [------] [#](/creator/twitter::1523062908929798144/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1523062908929798144/c:line/m:interactions.svg)

- [--] Week [-------] +6.20%
- [--] Month [-------] -79%
- [--] Months [----------] +129%
- [--] Year [----------] +148%

### Mentions: [--] [#](/creator/twitter::1523062908929798144/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1523062908929798144/c:line/m:posts_active.svg)

- [--] Week [--] -30%
- [--] Month [---] +41%
- [--] Months [---] +30%
- [--] Year [-----] +18%

### Followers: [------] [#](/creator/twitter::1523062908929798144/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1523062908929798144/c:line/m:followers.svg)

- [--] Week [------] +0.54%
- [--] Month [------] +2.80%
- [--] Months [------] +76%
- [--] Year [------] +194%

### CreatorRank: [-------] [#](/creator/twitter::1523062908929798144/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1523062908929798144/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[finance](/list/finance)  38.76% [stocks](/list/stocks)  5.43% [social networks](/list/social-networks)  4.65% [technology brands](/list/technology-brands)  4.65% [financial services](/list/financial-services)  2.33% [currencies](/list/currencies)  2.33% [gaming](/list/gaming)  0.78% [cryptocurrencies](/list/cryptocurrencies)  0.78% [countries](/list/countries)  0.78%

**Social topic influence**
[debt](/topic/debt) #382, [money](/topic/money) 6.98%, [the first](/topic/the-first) 5.43%, [private equity](/topic/private-equity) 3.88%, [math](/topic/math) 3.88%, [fund](/topic/fund) 3.1%, [in the](/topic/in-the) 3.1%, [$500k](/topic/$500k) 3.1%, [unrealized gains](/topic/unrealized-gains) #70, [linkedin](/topic/linkedin) 3.1%

**Top accounts mentioned or mentioned by**
[@stephen1426397](/creator/undefined) [@yenoms](/creator/undefined) [@robbiehendricks](/creator/undefined) [@dadinvest](/creator/undefined) [@lebron_ex](/creator/undefined) [@aitrailblazerq](/creator/undefined) [@paulswaney3](/creator/undefined) [@illiquidinsight](/creator/undefined) [@totemmacro](/creator/undefined) [@crust29015](/creator/undefined) [@nikitabier](/creator/undefined) [@lebronex](/creator/undefined) [@smbattorney](/creator/undefined) [@vladtheinflator](/creator/undefined) [@larryjamieson](/creator/undefined) [@ramit](/creator/undefined) [@gaybearres](/creator/undefined) [@jasonzweigwsj](/creator/undefined) [@chasedownleads](/creator/undefined) [@junkbondanalyst](/creator/undefined)

**Top assets mentioned**
[Klarna Group plc (KLAR)](/topic/klarna) [APOLLO COMMERCIAL REAL ESTATE FINANCE, INC. (ARI)](/topic/$ari) [Costco Wholesale Corporation (COST)](/topic/costco) [Flex Ltd. Ordinary Shares (FLEX)](/topic/$flex) [Opendoor Technologies Inc Common Stock (OPEN)](/topic/$open)
### Top Social Posts
Top posts by engagements in the last [--] hours

"I can't freaking believe it's come to this but here's a visual representation of this ridiculous structure - bottom: actual portfolio companies purchased by PE Funds I and II (with respective LPs) - a secondaries fund comes along buys LP interest in Funds I and II from some LPs. This secondaries fund raises money from other LPs - but now we have a tertiaries fund () This fund will buy secondary interest in secondaries funds (by raising money from other LPs) Does anyone even remember how many layers back the actual value is created P.S. not to be confused with CV vehicles (although CV vehicles"  
[X Link](https://x.com/anyuser/status/1980789494589845634)  2025-10-22T00:13Z 20.5K followers, 2M engagements


"Private credit and private equity AUMs of top private equity managers (20222025): KKR Blackstone Apollo Ares (Source: S&P Global)"  
[X Link](https://x.com/LeylaKuni/status/2021696385960366561)  2026-02-11T21:22Z 20.5K followers, [----] engagements


"In simulations evergreen structures produce higher MOICs and more stable annual returns. Why Well its not because the underlying assets are better than those held in drawdown funds. A [----] paper from Neuberger Berman shows the effect of cash drag by holding deal-level performance constant and varying only capital deployment. ➡ The conclusion is straightforward: the faster capital gets invested the more it compounds. Read this for more on evergreen funds: https://www.accreditedinsight.com/p/evergreen-funds-explained-part-2r=ibymp&utm_campaign=post&utm_medium=web"  
[X Link](https://x.com/LeylaKuni/status/2007150600958685641)  2026-01-02T18:02Z 20.5K followers, [----] engagements


"My gym got acquired by private equity (backed by a big name you'd know) a few months ago. So far: - rates were jacked up almost immediately - they installed a coffee machine and hired a bunch of clueless kids for the front desk - best part: the club can no longer help with any membership requests. It all has to go through corporate (via app or email they don't have a phone line lol) So my teenager asked for a membership and I've been trying to get hold of someone for [--] freaking days - they are not responding. In January. I'm not kidding. Good grief how are they going to make it"  
[X Link](https://x.com/LeylaKuni/status/2007863961086218690)  2026-01-04T17:17Z 20.5K followers, 1.5M engagements


"In Q4 non-traded BDCs (those that have reported so far that is) with NAVs over $1B saw redemptions jump 200% QoQ rising from $981M to $2.9B+ according to Robert A. Stanger & Co. - Ares Strategic Income Fund exceeded the standard 5% quarterly tender cap to meet investor demand Despite the rise in redemptions fundraising remains strong: BDCs are still on track to raise over $60 billion in [----] according to Stanger Publishing this in tomorrows digest. Subscribe so you get it in your inbox (link below) https://twitter.com/i/web/status/2010042675756679634"  
[X Link](https://x.com/LeylaKuni/status/2010042675756679634)  2026-01-10T17:34Z 20.4K followers, 10.2K engagements


"PIK data through 9/30 for various BDCs:"  
[X Link](https://x.com/LeylaKuni/status/2010447652748751207)  2026-01-11T20:24Z 20.4K followers, [----] engagements


"IRR is not a serious number kids"  
[X Link](https://x.com/LeylaKuni/status/2011506845777871181)  2026-01-14T18:32Z 20.4K followers, 102.1K engagements


"So I previously thought I'd seen it all. I was mistaken. May I introduce Collateralized Fund Obligations (CFOs). A CFO involves the issuance of rated debt and equity securities collateralized by a pool of limited partnership stakes in private funds. It's like CLO/CDO but stakes in funds as collateral inside the securities instead of loans 🤯 Lord almighty. (source: PJT Partners) https://twitter.com/i/web/status/2014133796287979854 https://twitter.com/i/web/status/2014133796287979854"  
[X Link](https://x.com/LeylaKuni/status/2014133796287979854)  2026-01-22T00:31Z 20.5K followers, 146.7K engagements


"Secondary volume for private equity and private credit ($ volume and % of primary AUM)"  
[X Link](https://x.com/LeylaKuni/status/2014394965619834929)  2026-01-22T17:49Z 20.4K followers, [----] engagements


"Serious question: how does one send a fax without a fax machine"  
[X Link](https://x.com/LeylaKuni/status/2014434283835031762)  2026-01-22T20:25Z 20.4K followers, 13.5K engagements


"Mom how did we get so poor Your dad was into olive oil Cannot stress how much of an advantage it is to be a normal well adjusted applicant for banking roles. I reviewed a resume that listed olive oil as an interest. That is not an interest. Its been hours and I cannot stop thinking about it. There will not be an interview. Cannot stress how much of an advantage it is to be a normal well adjusted applicant for banking roles. I reviewed a resume that listed olive oil as an interest. That is not an interest. Its been hours and I cannot stop thinking about it. There will not be an interview"  
[X Link](https://x.com/LeylaKuni/status/2016377121669877867)  2026-01-28T05:05Z 20.4K followers, 277.5K engagements


"never ask a man his salary never ask a woman her age never ask a private credit fund manager about loan covenants"  
[X Link](https://x.com/LeylaKuni/status/2017067168761074063)  2026-01-30T02:47Z 20.4K followers, [----] engagements


"@crust29015 These guys have never left their mothers basements and thus dont know about handshake bets. Theyve been betting in Discord chats with third party bot intermediaries"  
[X Link](https://x.com/LeylaKuni/status/2017073732628730013)  2026-01-30T03:13Z 20.4K followers, [---] engagements


"You cant lose money in real estate myth needs to die. Exhibit 1: This property was purchased in [----] NOI is up 30%+ since but take a look at what happened to common equity. Instead of selling at a loss the GP is raising pref equity to buy some time. Unfortunately the deck doesnt explicitly state the valuation. Ill show you how to do very simple math to figure it out (and an AI prompt for those allergic to math). Enjoy: https://www.accreditedinsight.com/p/reverse-engineering-valuation-andr=ibymp&utm_campaign=post&utm_medium=web"  
[X Link](https://x.com/LeylaKuni/status/2017980900592734360)  2026-02-01T15:18Z 20.4K followers, 11.5K engagements


"@Stephen1426397 Im a total tourist where it comes to insurance regulations but good grief who is blessing this"  
[X Link](https://x.com/LeylaKuni/status/2018025724243001623)  2026-02-01T18:16Z 20.4K followers, [---] engagements


"@yenoms If those loans are truly worth 20% less how is this a win for the policyholders"  
[X Link](https://x.com/LeylaKuni/status/2018043481579835666)  2026-02-01T19:27Z 20.4K followers, [---] engagements


"Question from the peanut gallery: since so many of those AI data center deals are in SPVs (off-balance sheet I.e. the Metas of this world wont be responsible if the debt goes into default) what happens if the revenue doesnt materialize"  
[X Link](https://x.com/LeylaKuni/status/2018370995585970438)  2026-02-02T17:08Z 20.4K followers, [----] engagements


""Real estate only goes up in value" lol The property (an apartment building) is in the TX triangle Group 1: sold property to Group [--] in [----] for $18.5M Group 2: sold property to Group [--] for $30M in [----] Group 3: the property is on the market for $20M"  
[X Link](https://x.com/LeylaKuni/status/2018494286862733460)  2026-02-03T01:18Z 20.5K followers, [----] engagements


"what's this all about"  
[X Link](https://x.com/LeylaKuni/status/2018729917719126289)  2026-02-03T16:54Z 20.5K followers, 12.2K engagements


"what are we buying fam holy smoke https://t.co/EdZeNy8YFH holy smoke https://t.co/EdZeNy8YFH"  
[X Link](https://x.com/LeylaKuni/status/2018811744425242646)  2026-02-03T22:20Z 20.4K followers, 16.7K engagements


"If your GP looks like this the fund hasnt deployed any capital since 2019"  
[X Link](https://x.com/LeylaKuni/status/2019562987196149926)  2026-02-06T00:05Z 20.4K followers, 17.1K engagements


"Portfolio: Blue Owl Capitals management told investors that its software lending portfolio is in pristine condition dismissing risks from the AI-driven sell off even as its shares continued to be punished on Thursday https://t.co/P9WkA75zeP Blue Owl Capitals management told investors that its software lending portfolio is in pristine condition dismissing risks from the AI-driven sell off even as its shares continued to be punished on Thursday https://t.co/P9WkA75zeP"  
[X Link](https://x.com/LeylaKuni/status/2019564337896255795)  2026-02-06T00:10Z 20.4K followers, 18K engagements


"but fear not private equity investors over [--] years you eked out a slight premium over MSCI word (you still underperformed S&P)"  
[X Link](https://x.com/LeylaKuni/status/2019898288993181800)  2026-02-06T22:17Z 20.5K followers, [----] engagements


"Wait a second. Is this the math: Sources: Loan: $700k ($1M less $300k pay down) Equity raised: $1.5M = Total: $2.2M Uses: Purchase price: $1.7M Benjamins pocket: $500k 🤯 indeed My SubTo student Benjamin just acquired a $1.7M laundromat using creative finance. 🤯 This is Simple Life Laundromat in Orem Utah. Heres the deal breakdown: Him and his business partner took over $1M in equipment debt at 9.75% interest subject-to. To fund the deal $1.5M https://t.co/cH0Z8oW8f8 My SubTo student Benjamin just acquired a $1.7M laundromat using creative finance. 🤯 This is Simple Life Laundromat in Orem"  
[X Link](https://x.com/LeylaKuni/status/2020546308990505366)  2026-02-08T17:12Z 20.5K followers, 53.3K engagements


"@robbiehendricks You are not missing anything. This deal is not being done to enrich LPs 😆"  
[X Link](https://x.com/LeylaKuni/status/2020554755576385686)  2026-02-08T17:46Z 20.4K followers, [----] engagements


"@DadInvest Go Benjamin"  
[X Link](https://x.com/LeylaKuni/status/2020593819033686278)  2026-02-08T20:21Z 20.4K followers, [---] engagements


"This is whats happening Something is clearly broken in the psyche of Gen Z and young millennials particularly for men They are checking out of society (school employment) at the highest rates in history What is going on https://t.co/1aOci2uPCl Something is clearly broken in the psyche of Gen Z and young millennials particularly for men They are checking out of society (school employment) at the highest rates in history What is going on https://t.co/1aOci2uPCl"  
[X Link](https://x.com/LeylaKuni/status/2020610947291947503)  2026-02-08T21:29Z 20.5K followers, [----] engagements


"I have to say it doesn't get old seeing my name in print in the Wall Street Journal 😁 Go read this article because I would bet my right kidney this isn't the last we hear of a private evergreen fund going public. Jason Zweig on valuations: "For all fund investors NAV is supposed to stand for net asset value. For some however its turning out to mean not actual value. https://twitter.com/i/web/status/2002082903187206519 https://twitter.com/i/web/status/2002082903187206519"  
[X Link](https://x.com/LeylaKuni/status/2002082903187206519)  2025-12-19T18:25Z 20.5K followers, 36.3K engagements


"Whelp Apollo argues that the best allocation is 100% private markets: - low risk (as measured by std deviation because hello laundered volatility) - and high returns (lol because they are measured as total return which probably includes unrealized gains on marks)"  
[X Link](https://x.com/LeylaKuni/status/2020200900753781059)  2026-02-07T18:20Z 20.5K followers, 64.8K engagements


"Blackstone 29% of AUM is IT (most of it software) Blue Owl - 20% tech FT is killing it with interactive charts - link below"  
[X Link](https://x.com/LeylaKuni/status/2021256913200026007)  2026-02-10T16:16Z 20.5K followers, 35.1K engagements


"@nikitabier carrier pigeon has entered the chat"  
[X Link](https://x.com/LeylaKuni/status/2021701173070139427)  2026-02-11T21:41Z 20.5K followers, [----] engagements


"PE bought the auto mechanic Ive been going to: - they let go the most knowledgeable guy Ive ever met - they now charge as much for the oil change as the dealer - argue with me about tire rotation on my winter tires Last straw: they got rid of the Keurig in the lobby 😭"  
[X Link](https://x.com/LeylaKuni/status/2022042654578814986)  2026-02-12T20:18Z 20.5K followers, 12.9K engagements


"- mom why are we so poor - your dad liked rotisserie chicken "Gen Zers and millennials are swimming in student debt and may never own homes but theyre splurging on gut-healthy juices and rotisserie chickens" per WSJ "Gen Zers and millennials are swimming in student debt and may never own homes but theyre splurging on gut-healthy juices and rotisserie chickens" per WSJ"  
[X Link](https://x.com/LeylaKuni/status/2022114853637480863)  2026-02-13T01:05Z 20.5K followers, [----] engagements


"🚨 Apollo is getting creative again. Theyre using an SPV (special purpose vehicle) to sell highly rated debt backed by stakes in their credit funds. Did you catch it These are stakes in the FUNDS themselves not the underlying loan portfolios. Tomato / tom-AH-toh Leyla. Who cares There is a difference however: - Private credit loans are the equivalent of junk bonds (they don't get high credit ratings) - But debt issued out of SPVs tied to fund stakes can be structured to achieve investment-grade ratings (per Bloomberg) - That means insurers get exposure to private credit without the heavy"  
[X Link](https://x.com/LeylaKuni/status/1970155597728497889)  2025-09-22T15:57Z 20.5K followers, 88.8K engagements


""Conservative underwriting is essential to our strategy. Rent growth assumptions are modest and supported by in-place comps and trailing performance" Conservative underwriting:"  
[X Link](https://x.com/LeylaKuni/status/2017363387584549130)  2026-01-30T22:24Z 20.5K followers, [----] engagements


"Good thing retail money is still pouring into non-traded BDCs (see Cliffwater and GS): The market went from The Golden Age of Private Credit to There may be nothing left to redeem if your fund has software debt on the books in the space of [--] months. The market went from The Golden Age of Private Credit to There may be nothing left to redeem if your fund has software debt on the books in the space of [--] months"  
[X Link](https://x.com/LeylaKuni/status/2019098732978225644)  2026-02-04T17:20Z 20.5K followers, 16.7K engagements


"Your reminder that you can still (maybe) redeem out of non-traded BDCs at NAV (Not investment advice)"  
[X Link](https://x.com/LeylaKuni/status/2019816865032544574)  2026-02-06T16:54Z 20.5K followers, [----] engagements


"over the past [--] years you paid [--] and [--] to underperform S&P and MSCI World Index"  
[X Link](https://x.com/LeylaKuni/status/2019897836293484637)  2026-02-06T22:15Z 20.5K followers, 13.5K engagements


"Alphabet is issuing 100-year bonds As a reminder only [--] companies have been on the Fortune [---] since [----] - about 10% survival rate"  
[X Link](https://x.com/LeylaKuni/status/2021010691478769720)  2026-02-09T23:57Z 20.5K followers, [----] engagements


"I know a lot of CRE investors who judge the quality of their GP by the timeliness of distributions and I dread the day they discover evergreen interval funds that manufacture yield from unrealized gains"  
[X Link](https://x.com/LeylaKuni/status/2021334678427558299)  2026-02-10T21:25Z 20.5K followers, [----] engagements


"@lebron_ex This paper is amazing: https://edhecinfraprivateassets.com/paper/private-equity-evergreens/ https://edhecinfraprivateassets.com/paper/private-equity-evergreens/"  
[X Link](https://x.com/LeylaKuni/status/2021808549173842142)  2026-02-12T04:48Z 20.5K followers, [---] engagements


"Its a marriage made in heaven: large asset managers and insurance companies. Apollo-owned Athene is buying $9b worth of loans (99.7 of par) of Apollo-managed $ARI This will leave $ARI with $1.4B in cash $466M of equity investments and $169M of preferred stock From FT: Shares in Apollo Commercial Real Estate Finance (ARI) have traded at an average of [--] per cent of book value over the past four years 🫠 https://twitter.com/i/web/status/2018017712061219230 https://twitter.com/i/web/status/2018017712061219230"  
[X Link](https://x.com/LeylaKuni/status/2018017712061219230)  2026-02-01T17:44Z 20.5K followers, 22.2K engagements


"@Stephen1426397 $4.99 at my local Costco"  
[X Link](https://x.com/LeylaKuni/status/2022115843342290979)  2026-02-13T01:09Z 20.5K followers, [--] engagements


"Cliffwater recently published Back to Basics: The Five Ws of Private Debt arguing that much of the criticism of private credit stems from confusion: specifically conflating it with the broadly syndicated loan (BSL) market. Their view: private debt is structurally different: Tighter docs Stronger alignment Direct oversight Covenants and structural protections designed to hold up through cycles. To evaluate risk consistently they propose a Five Ws framework: Who is borrowing What supports repayment When capital returns Where the lender sits in the capital structure Why the borrower needs"  
[X Link](https://x.com/LeylaKuni/status/2022333147766231483)  2026-02-13T15:32Z 20.5K followers, [----] engagements


"Why are more residential homes not built with concrete Is it cost Seismic code Smth else It's not a miracle. It's called "concrete." https://t.co/7nXHlSkGBV It's not a miracle. It's called "concrete." https://t.co/7nXHlSkGBV"  
[X Link](https://x.com/LeylaKuni/status/1878207775483781266)  2025-01-11T22:30Z 20.5K followers, 2M engagements


"People dropping wisdom on LinkedIn Someone asked for advice on what to do with a bunch of old tires they found in their newly acquired mobile home park. The response:"  
[X Link](https://x.com/anyuser/status/1884245946340630818)  2025-01-28T14:23Z 20.5K followers, 84.7K engagements


"There is a GP who sends their full underwriting Excel model with every deal pitch. I freakin' love it. Why aren't more GPs doing this"  
[X Link](https://x.com/anyuser/status/1890164547534876775)  2025-02-13T22:22Z 20.5K followers, 167.1K engagements


"@SMB_Attorney Yet another example of how people really fail to think two steps ahead. When they relocated in [----] were they really confident the company would always allow them to work remotely And were they really confident theyd remain with the same co for the rest of their lives"  
[X Link](https://x.com/anyuser/status/1891549631948976142)  2025-02-17T18:05Z 20.5K followers, 26.4K engagements


"pro-tip: flattery works. Even blatant flattery even on very smart people. Use it"  
[X Link](https://x.com/anyuser/status/1892283167874187323)  2025-02-19T18:40Z 20.5K followers, 20.6K engagements


"Lemme tell ya how a company with $654 million in debt and only $1 million in cash could blindside its lenders until the day it declared bankruptcy. Buckle in -- story time. And it's a good one: featuring a private equity fund private credit lenders and hosed investors 💦"  
[X Link](https://x.com/LeylaKuni/status/1892656241215996182)  2025-02-20T19:23Z 20.5K followers, 198.1K engagements


"I saw something that made me stop in my tracks the other day. I have a neighbor he is in his late 40s our kids go to the same school. The guy was overweight. About a year ago I started running into him out and about: Id see him walking when I took my dog out. Would occasionally see him walking on the sidewalk when driving around - sometimes a couple of miles away from our neighborhood. Here in the PNW winters are beastly: cold wet and gray. This guy walked in the heat of the summer and in freezing rain in the morning and at night. And the other day I saw him again. Walking. Except he was no"  
[X Link](https://x.com/anyuser/status/1893827283112370442)  2025-02-24T00:56Z 20.5K followers, 71.4K engagements


"If you are on the fence about having a third kid look up what it costs to rent accommodations for a family of [--] in a major European city in July. Compare that to what normies with [--] kids pay for a standard hotel room. Go buy birth control. You are welcome. And if you are still reading go have that third kid. They are a blessing. You wont be traveling to Europe much anyway"  
[X Link](https://x.com/LeylaKuni/status/1894209486208078198)  2025-02-25T02:15Z 20.5K followers, 169.7K engagements


"I know a guy who's done very well in life: has a great family one of the wealthiest people I know IRL He's been in real estate for decades. Doesn't flex Doesn't use social media Never read Rich Dad Poor Dad Knows absolutely everything about one [--] sq mile area. That's it"  
[X Link](https://x.com/anyuser/status/1895246436725596358)  2025-02-27T22:55Z 20.5K followers, 97.9K engagements


"@VladTheInflator Thats exactly what the Bible is about: excess housing inventory in AZ"  
[X Link](https://x.com/anyuser/status/1895272099998257540)  2025-02-28T00:37Z 20.5K followers, 25.3K engagements


"The Art of the Deal: How Trump Made $8M on a ground lease with $0 in In [----] Empire State buildings ground lease came on the market. Prudential (the seller) hired Salomon Brothers to come up with the valuation on the ground lease. The trouble with it: 1/"  
[X Link](https://x.com/LeylaKuni/status/1901779237801230717)  2025-03-17T23:34Z 20.5K followers, 202.2K engagements


"The year is [----]. Klarna a publicly traded company is seeing rising defaults on $7 trillion in burrito-backed securitizations. HOW DID WE GET HERE 🕰 Lets rewind the clock and go back to year [----] A 🧵 about BNPL CDO and defaults 👇 https://x.com/0xtuba/status/1455436293438001157/video/1 https://x.com/0xtuba/status/1455436293438001157/video/1"  
[X Link](https://x.com/anyuser/status/1903094430896435528)  2025-03-21T14:40Z 20.5K followers, 66.3K engagements


"@Larryjamieson_ "Basically these chimichanga securities were amazingly profitable for Klarna. They made millions and millions on their 3% fee. But then they started running out of burrito loans to put them into these bonds.""  
[X Link](https://x.com/LeylaKuni/status/1903201432599400548)  2025-03-21T21:45Z 20.5K followers, 17.2K engagements


"math is hard"  
[X Link](https://x.com/anyuser/status/1903465651009962312)  2025-03-22T15:15Z 20.5K followers, 57.9K engagements


"Pitch decks for Class C multifamily purchased at 5% cap rate"  
[X Link](https://x.com/LeylaKuni/status/1906727077027696940)  2025-03-31T15:15Z 20.5K followers, 49.1K engagements


"6:56pm Your average parent Vs. a single dude"  
[X Link](https://x.com/anyuser/status/1906864936376225996)  2025-04-01T00:23Z 20.5K followers, 74.3K engagements


"Who's gonna tell them the cash flow is probably negative if they account properly for maintenance"  
[X Link](https://x.com/anyuser/status/1907456439356174439)  2025-04-02T15:33Z 20.5K followers, 135.5K engagements


"My teenager had a summer job interview. I ask how it went. Teen: They wanted to know why I applied. Me: What did you say Teenager: because I need money to day trade why else would I spend my summer working 🤦♀ What are the odds the kid is getting the job 10%"  
[X Link](https://x.com/anyuser/status/1908691986141635011)  2025-04-06T01:23Z 20.5K followers, 194.6K engagements


"Buy unwanted land here immediately. Go into debt if you have to"  
[X Link](https://x.com/LeylaKuni/status/1920852009055392178)  2025-05-09T14:43Z 20.5K followers, 565.7K engagements


"$4200 - monthly rent $12000 - mortgage on the same house Why would any rational person buy Yet multiple offers on the house within days. Make this make sense"  
[X Link](https://x.com/LeylaKuni/status/1921209817168847046)  2025-05-10T14:24Z 20.5K followers, 1.2M engagements


"If you are the guy with the money no one cares how expensive your suit is"  
[X Link](https://x.com/anyuser/status/1921314397957583068)  2025-05-10T21:20Z 20.5K followers, 34K engagements


"@ramit All those fees to invest in an [--] bond/ [--] SPY ETF portfolio 🤦♀"  
[X Link](https://x.com/LeylaKuni/status/1922308101518012859)  2025-05-13T15:09Z 20.5K followers, 13.3K engagements


"Louder for those in the back: a town with population 1-200k will NOT experience sustained organic rent growth of 4%/yr over a period of [--] years. It just wont happen"  
[X Link](https://x.com/LeylaKuni/status/1924639933341507891)  2025-05-20T01:34Z 20.5K followers, 71.5K engagements


"The sooner young people recognize no one owes them anything the better they will be. Boomers have every right to stay put in their homes. It's not their responsibility to redistribute the housing stock equally. Boomers are a big reason Americans are stuck in place: People are staying in their homes almost twice as long as they used to a Redfin analysis found with nearly 40% of boomers having lived in their homes for at least [--] years and another 16% staying put for [--] to [--] years. Boomers are a big reason Americans are stuck in place: People are staying in their homes almost twice as long as"  
[X Link](https://x.com/LeylaKuni/status/1929617140799492378)  2025-06-02T19:12Z 20.5K followers, 483.9K engagements


"@GayBearRes I bet he's the only person who asks everyone what school they attended"  
[X Link](https://x.com/anyuser/status/1930461165660041419)  2025-06-05T03:06Z 20.5K followers, 13.1K engagements


"Drop everything and read this article - @jasonzweigwsj describes how Hamilton Lane in their new secondaries fund buys assets at a discount marks up the NAV *immediately* and earns their carry on *unrealized* () gains. Let me translate via example: [--]. you buy a house using OPM for $450K in cash (let's say you split profits with investors 50/50) [--]. you say the market value is $500K the day after you bought the house (even though you just paid $450) [--]. You pay yourself $25K on *unrealized* gains (years before you sell the house itself) [--]. Next year you say the house is worth $540k. You pay"  
[X Link](https://x.com/LeylaKuni/status/1931036943871300006)  2025-06-06T17:14Z 20.5K followers, 420.4K engagements


"Middle of the country cannot comprehend this: $4.7M home $6k rent"  
[X Link](https://x.com/anyuser/status/1934981296608198981)  2025-06-17T14:27Z 20.5K followers, 42.5K engagements


"Well one thing that wasnt on my BINGO card this year was appearing in the Wall Street Journal. The piece explores how Vanguard and other retail giants are embracing high-fee private market funds just as some of us are learning the hard way what that really means"  
[X Link](https://x.com/LeylaKuni/status/1940473055006150757)  2025-07-02T18:10Z 20.5K followers, 134.8K engagements


"If youre in your 20s right now finding a great spouse and having a couple of kids with them will get you a better life in the long run than any MBA or graduate degree"  
[X Link](https://x.com/anyuser/status/1947480185038901340)  2025-07-22T02:13Z 20.5K followers, 21K engagements


"Dropped off my teenager at a golf course to practice short game. Packed parking lot. At 1pm. On a Thursday. Is everyone unemployed"  
[X Link](https://x.com/anyuser/status/1951011724020293701)  2025-07-31T20:06Z 20.5K followers, 207.1K engagements


""Negative cash flow is fine really. Just tell them IRR is 22%""  
[X Link](https://x.com/anyuser/status/1957210619561832674)  2025-08-17T22:39Z 20.5K followers, 79.2K engagements


"Never have I felt such a strong urge to short a stock. Talk me off the ledge internet. I beg you. Opendoor stock is up +800% since July [--] [----] amid the meme stock run https://t.co/zKRnfYjLgR Opendoor stock is up +800% since July [--] [----] amid the meme stock run https://t.co/zKRnfYjLgR"  
[X Link](https://x.com/LeylaKuni/status/1958981890985402833)  2025-08-22T19:57Z 20.5K followers, 125.4K engagements


"I accidentally discovered a hack that will guarantee excellent customer service at Home Depot. Next time you need to buy some [--] by 4s wear your prettiest sun dress. Thank me later"  
[X Link](https://x.com/anyuser/status/1960862217399579037)  2025-08-28T00:29Z 20.5K followers, 57.6K engagements


"Genuine question : what is it about real estate that gives it such aura Almost every person whos successful in any given area will - at one point - get the itch to invest in real estate. Itll be anything from buying a rental to investing in a syndication. Half of them will crash and burn and spend years licking the wounds. But countless new generations will make some money and get a gleam in their eye: Why dont I go buy me some real estate"  
[X Link](https://x.com/LeylaKuni/status/1961549354965340283)  2025-08-29T21:59Z 20.5K followers, 232.9K engagements


"Nobody tells you this but the key to a lasting marriage isnt finding the *perfect* partner. Its finding a person who will be equally committed to staying married"  
[X Link](https://x.com/anyuser/status/1961887690082910539)  2025-08-30T20:24Z 20.5K followers, 29.4K engagements


"Your grandmother: "Oh honey let me tell you what happened to me last Tuesday. You know that old faucet of mine thats been dripping for weeks Well I finally called someone to come take a look. Before I know what hit me Ive got: A platinum-tier faucet alignment package An extended warranty on the pipes (lifetime of the house OR the plumber whichever ends first) And a subscription box for artisanal drain cleaners Bill came out to $1687 but he was kind enough to give me 5% off"  
[X Link](https://x.com/LeylaKuni/status/1962193839919382700)  2025-08-31T16:40Z 20.5K followers, 42.6K engagements


"I've been using AI to chew through quarterly fund reports a lot recently. Here's the lay of the land: - Biggest liar LLM: ChatGPT - Most useless: Claude (can't handle large attachments) - Most generic: Perplexity (uses platitudes provides no detail) My favorite:"  
[X Link](https://x.com/LeylaKuni/status/1964375536941297739)  2025-09-06T17:09Z 20.5K followers, 129.9K engagements


"NotebookLM Handles large attachments (even on free plan) accurate on first pass. Downside: output often a wall of text but it cites sources () Overall I use NotebookLM for documents 90% of the time now"  
[X Link](https://x.com/LeylaKuni/status/1964375538191257808)  2025-09-06T17:09Z 20.5K followers, 21.9K engagements


"Heres how we know there hasn't been a significant equities pullback in over a decade: When 20-somethings have never seen a market drop 30%"  
[X Link](https://x.com/LeylaKuni/status/1964757623372427492)  2025-09-07T18:28Z 20.5K followers, 80K engagements


"This might hurt feelings but it's the truth: when a large asset manager pitches you a retail investor an "incredible opportunity to invest alongside institutional investors" your first question should be "Why am I so lucky""  
[X Link](https://x.com/LeylaKuni/status/1965811242872004914)  2025-09-10T16:14Z 20.5K followers, 27.8K engagements


"Babe wake up: private credit fund managers are underwriting loans at 7x leverage again"  
[X Link](https://x.com/LeylaKuni/status/1967270739406651407)  2025-09-14T16:54Z 20.5K followers, 52.8K engagements


"My husband and I just negotiated the toughest loan of our lives. Two hours of fighting over covenants extensions and collateral. Our side declined repayment in crypto (that alone took [--] minutes) The final terms: [--] months with one three-month extension at 12% interest (compounding). Borrower pledged his IRA as collateral Loan amount: $750 -- to be used by our teenager to purchase Pokemon cards for resale. What are the odds we'll see the money back"  
[X Link](https://x.com/anyuser/status/1967345155343847807)  2025-09-14T21:50Z 20.5K followers, 80.1K engagements


"You underwrote a CRE acquisition using the spreadsheet you got by commenting model on someones LinkedIn post"  
[X Link](https://x.com/anyuser/status/1968771378019995865)  2025-09-18T20:17Z 20.5K followers, 20.4K engagements


"A friend's father owns a rental in Florida. Has had it for years but recently retired and doesn't want the headache. So he listed it for sale in May. Last week they removed the listing after receiving no offers in five months. It wasnt the price: we lowered three times It was price wasnt it"  
[X Link](https://x.com/LeylaKuni/status/1969180004971135395)  2025-09-19T23:21Z 20.5K followers, 69.3K engagements


"You guys are sleeping on LinkedIn"  
[X Link](https://x.com/anyuser/status/1970556146592477589)  2025-09-23T18:29Z 20.5K followers, 171K engagements


"According to one of the best investors I know: Venn diagram of GPs who have a large social media following and those who are good operators"  
[X Link](https://x.com/LeylaKuni/status/1970598076558762231)  2025-09-23T21:16Z 20.5K followers, 81.8K engagements


"- Mom how did we get so rich - I wore a tight dress to Nobu"  
[X Link](https://x.com/LeylaKuni/status/1971405443890331864)  2025-09-26T02:44Z 20.5K followers, 576.4K engagements


"Passive investing is crazy. Met a [--] year old guy making $50k a month from his investments I asked how he got started. He said he just wired money to some guy he met on Instagram who promised to help him build generational wealth by investing like the rich. They manage it all and he just collects a check. His goal is to get to $1M/mo next year. Purely passive income. He is blown away that the opportunity was under his nose all this time. He can retire super wealthy and never has to lift a finger again. None of this happened btw"  
[X Link](https://x.com/LeylaKuni/status/1972091970584826288)  2025-09-28T00:12Z 20.5K followers, 194.3K engagements


"@chasedownleads It's a very exclusive opportunity. Only available to the first [--] million people who comment "PASSIVE""  
[X Link](https://x.com/LeylaKuni/status/1972096991569342851)  2025-09-28T00:32Z 20.5K followers, 20.6K engagements


"Saw a bunch of my fellow parents at curriculum night. Mid-40s cohort. The variance is wild: some look incredible others are starting to fall apart. And it really comes down to two things: - don't get fat - use sunscreen .or be Asian"  
[X Link](https://x.com/LeylaKuni/status/1973040020295761940)  2025-09-30T14:59Z 20.5K followers, 111.2K engagements


"This book is absolute gold"  
[X Link](https://x.com/anyuser/status/1974590568434200750)  2025-10-04T21:40Z 20.5K followers, 109.5K engagements


"The First Brands story is getting wilder by the minute:"  
[X Link](https://x.com/anyuser/status/1976349942546600272)  2025-10-09T18:11Z 20.5K followers, 74.7K engagements


"Here's the recap if you missed the earlier episodes: - $11B+ in liabilities - $2.3B in funds vanished - Exposure across CLOs (not the biggest worry tbh) direct loans and trade finance where that $2.3B hole sits Major exposure: - Jefferies Point Bonita Capital $715M tied to First Brands - UBS OConnor $500M exposure - Raistone 80% of its revenue came from First Brands Offbalance-sheet financing & shell entities: -the company used affiliates like Carnaby Capital and Eagle Casting Holdings to borrow - this obfuscated the true amount of leverage - 30% implied interest rates on short-term borrowing"  
[X Link](https://x.com/LeylaKuni/status/1976358875160015133)  2025-10-09T18:47Z 20.5K followers, 68.1K engagements


"Does anyone know how Apollo did this FT mentions a bespoke credit default swap against First Brands debt - but Apollo was on the disqualified lender list @junkbondanalyst @junkbondinvest @pvtcreditguy"  
[X Link](https://x.com/LeylaKuni/status/1976376634329719292)  2025-10-09T19:58Z 20.5K followers, 77K engagements


"So in [----] you lent money at SOFR + [---] with zero covenants Yes Dave. And now theyre paying interest in kind Thats correct Dave"  
[X Link](https://x.com/anyuser/status/1977760899445174714)  2025-10-13T15:38Z 20.5K followers, 57.9K engagements


"Hold on hold on hold on. Youre using proceeds from Fund II to buy out Fund Is stake in the same asset We call that a continuation vehicle. That is fucking crazy. No it is not. Its awesome"  
[X Link](https://x.com/LeylaKuni/status/1978203893143130396)  2025-10-14T20:58Z 20.5K followers, 271.5K engagements


"So the borrower had negative EBITDA pledged the same collateral to three other lenders and you gave them a PIK toggle loan"  
[X Link](https://x.com/LeylaKuni/status/1979207752221364698)  2025-10-17T15:27Z 20.5K followers, 118.4K engagements


"Regional banks discovering private credit yields"  
[X Link](https://x.com/LeylaKuni/status/1979615020817523109)  2025-10-18T18:26Z 20.5K followers, 306.5K engagements


"And here's a list of large banks ($10B in assets) with exposure to non-depository financial institutions (source: Rebel C. on LinkedIn - go follow that guy he's tracking this closely) Regional banks discovering private credit yields https://t.co/U5uEWwger5 Regional banks discovering private credit yields https://t.co/U5uEWwger5"  
[X Link](https://x.com/LeylaKuni/status/1980014692975472855)  2025-10-19T20:54Z 20.5K followers, 195.4K engagements


"Ladies and gentlemen May I introduce the first tertiaries vehicle thats when the original fund stakes get sold twice (into a secondaries vehicle first and now a tertiary fund). Good grief"  
[X Link](https://x.com/LeylaKuni/status/1980652651047186813)  2025-10-21T15:09Z 20.5K followers, 422.5K engagements


"LP asking why IRR says 20% when there havent been any distributions"  
[X Link](https://x.com/anyuser/status/1981485813025427808)  2025-10-23T22:20Z 20.5K followers, 104.1K engagements


"Let me tell you guys a nighttime story. Today I spent [--] hours looking at a brand-name semi-liquid fund that raised $5B from retail investors in [----]. I'm 90% confident I'm the only person who's ever looked at their financials other than the Big [--] accounting associate who prepared them. After [--] hours of looking at said financials I couldn't tell you what the underlying investments are. It's that confusing. It took a group chat with [--] CFAs and a securities attorney to figure out what the F the structure is. We gave up. It does seem like there are literally [--] layers of fees stacked inside one"  
[X Link](https://x.com/LeylaKuni/status/1981926576850878901)  2025-10-25T03:31Z 20.5K followers, 157K engagements


"Billy this here is called a crypto-collateralized security. Its like a mortgage-backed security but with fartcoin as collateral. The defect is youll cant foreclose on a wallet if the guy forgets his seed phrase BREAKING: JPMorgan to allow crypto as collateral BREAKING: JPMorgan to allow crypto as collateral"  
[X Link](https://x.com/LeylaKuni/status/1982096116205387928)  2025-10-25T14:45Z 20.5K followers, 75.7K engagements


"A great read from @FT on insurance ratings of private credit loans. TL;DR - small credit rating agencies are now providing the vast majority of private ratings on securities -- there are concerns that these ratings are inflated - meanwhile US life insurers are the biggest buyers of such debt What does holding assets with inflated ratings do to insurance companies it lowers the amount of buffer they have to keep on the balance sheet. This doesn't matter during the go-go times but if 💩 hits the fan: "The lack of transparency and liquidity of private loans makes them tricky to value accurately"  
[X Link](https://x.com/LeylaKuni/status/1982872816862245095)  2025-10-27T18:11Z 20.5K followers, 70.5K engagements


"Mom how did we get so rich Your dad paid off our 2.625% mortgage when T-bills were yielding 4%. Then he went viral and sold two million courses on financial freedom"  
[X Link](https://x.com/anyuser/status/1982987136996651254)  2025-10-28T01:45Z 20.5K followers, 139.2K engagements


"This ones interesting: Black Diamond Capital a distressed debt fund bought 70% of the AAA tranche of the SASB (single asset single borrower bond) They then bought the mortgage backing this CMBS at a discount which triggered the liquidation of this bond according to Bloomberg. $72M losses to the AAA bond holders. All other tranches wiped out. There have only been two instances of looses to AAA rated tranches in CMBS since the GFC (including this one) - how SASB get AAA rating is beyond me though"  
[X Link](https://x.com/LeylaKuni/status/1983624011163824480)  2025-10-29T19:56Z 20.5K followers, 181.4K engagements


"The First Brands bankruptcy has entered creditor-on-creditor violence stage"  
[X Link](https://x.com/LeylaKuni/status/1984663878832443837)  2025-11-01T16:48Z 20.5K followers, 42.7K engagements


"Youre making the first distribution right before launching Fund II are you not"  
[X Link](https://x.com/LeylaKuni/status/1984786294783033561)  2025-11-02T00:55Z 20.5K followers, 41K engagements


"What if we invent an asset class that has no inherent value doesn't generate income and doesn't exist in physical form And then we'll figure out how to trade it talk about it a lot and say sky is the limit to its valuation Oh wait"  
[X Link](https://x.com/LeylaKuni/status/1985129823178756245)  2025-11-02T23:40Z 20.5K followers, 42.8K engagements


"I mean how can you beat this: - buy stakes in other funds at a hefty discount (let's say 30%) - mark up those assets to NAV (totally legit btw under the practical expedient) - recognize income on *unrealized* gains - raise tons of money and go buy more assets. Secondaries earnings tripling while buyout earnings drop is what happens when you profit from other peoples liquidity problems https://t.co/vEM601WBZS Secondaries earnings tripling while buyout earnings drop is what happens when you profit from other peoples liquidity problems https://t.co/vEM601WBZS"  
[X Link](https://x.com/LeylaKuni/status/1985412218184482892)  2025-11-03T18:22Z 20.5K followers, 87.8K engagements


"Of the people I personally know the ones most obsessed with longevity are all childless. The rest of us are too exhausted to think about living past 100"  
[X Link](https://x.com/anyuser/status/1985476396286882241)  2025-11-03T22:37Z 20.5K followers, 42.2K engagements


"@AlexNoonan6 There's an old couple that used to walk around my neighborhood I used to see all the time as I drove my kids to preschool years ago. I was driving at the same time today and saw the woman walking the same path. Alone"  
[X Link](https://x.com/anyuser/status/1985773195073569169)  2025-11-04T18:16Z 20.5K followers, 60.6K engagements


"Florida real estate agents this morning:"  
[X Link](https://x.com/LeylaKuni/status/1986072606861365481)  2025-11-05T14:06Z 20.5K followers, 426.4K engagements


"Buy SMBs use the $$ to roll out private credit lend to other PE firms who buy more SMBs "  
[X Link](https://x.com/anyuser/status/1986278005866676390)  2025-11-06T03:42Z 20.5K followers, 49.3K engagements


""ChatGPT rate these collateralized securities. Model collateral pool performance quantify tranche-level expected losses and map these to benchmarks. Make no mistakes" 🤔🤔🤔🤔🤔🤔🤔 https://t.co/9bSwRz0NDw https://t.co/JHLhhBTmRI 🤔🤔🤔🤔🤔🤔🤔 https://t.co/9bSwRz0NDw https://t.co/JHLhhBTmRI"  
[X Link](https://x.com/LeylaKuni/status/1986818783080796252)  2025-11-07T15:31Z 20.5K followers, 62.7K engagements


"The math on a $500K loan (6.5% interest rate) Interest: - 30-year: $638000 - 50-year: $1191000 P&I: - [--] year: $3160 - [--] year: $2819"  
[X Link](https://x.com/anyuser/status/1987293460941185164)  2025-11-08T22:57Z 20.5K followers, 104K engagements


"The math on a $500K loan (6.5% interest rate) Interest: - 30-year: $638000 - 50-year: $1191000 P&I: - [--] year: $3160 - [--] year: $2819 https://t.co/Lxq2gF234U The math on a $500K loan (6.5% interest rate) Interest: - 30-year: $638000 - 50-year: $1191000 P&I: - [--] year: $3160 - [--] year: $2819 https://t.co/Lxq2gF234U"  
[X Link](https://x.com/anyuser/status/1987395397707505870)  2025-11-09T05:42Z 20.5K followers, 44.2K engagements


"100-year mortgages in Japan and the effect on housing affordability"  
[X Link](https://x.com/anyuser/status/1987946933680566684)  2025-11-10T18:14Z 20.5K followers, 34.6K engagements


"@SactoGeoff As a hobby I refurbished old Italian espresso machines at one point in my life. Kept upgrading and at one point had a behemoth that took up half of my kitchen. Then got a steal of a deal on a Rancilio Silvia. I pull two double espressos on it daily. Love the thing"  
[X Link](https://x.com/LeylaKuni/status/2002240621923479690)  2025-12-20T04:52Z 20.5K followers, [----] engagements


"challenge accepted publishing a deep dive on this fund tomorrow - will include a poll to see what readers think Give Bluerock's results anyone have any thoughts about the public performance of something like JLL Income Property Trust if it were to go public @LeylaKuni @EllliotttB Give Bluerock's results anyone have any thoughts about the public performance of something like JLL Income Property Trust if it were to go public @LeylaKuni @EllliotttB"  
[X Link](https://x.com/LeylaKuni/status/2002586397941825978)  2025-12-21T03:46Z 20.5K followers, 11.9K engagements


"All true. This space exploded once agencies started lending on parks - and cap rates came down by a bigger margin than any other CRE class. My best MHP investment was in $UMH (which I have since sold) Im still invested in a private fund thats struggling (lagoon well and private sewer in the portfolio). Pretty sure Ill never touch a MHP fund again"  
[X Link](https://x.com/LeylaKuni/status/1875669814435573839)  2025-01-04T22:25Z 20.5K followers, [---] engagements


"8/ It gets better: Klarna does synthetic securitizations where the risk is transferred between tranches. This allows the bank to deem some tranches to be more risky and sell them off while keeping higher-rated tranches on the balance sheet. There is only one issue:"  
[X Link](https://x.com/LeylaKuni/status/1903094453352751270)  2025-03-21T14:40Z 20.5K followers, 123.3K engagements


"state of the private real estate fundraising:"  
[X Link](https://x.com/anyuser/status/1967012776871948339)  2025-09-13T23:49Z 20.5K followers, 330.8K engagements

Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing