# ![@junkbondinvest Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1094621743191347201.png) @junkbondinvest junkbondinvestor

Private credit and debt management are significant concerns, with many companies struggling with debt servicing and lenders upgrading default ratings. Several high-profile cases of corporate mismanagement and financial manipulation have come to light, including a company allegedly being run as a "personal piggy bank" by its founder. The private credit market is growing, with firms like Apollo, Blackstone, and KKR expanding their operations, but this growth also raises concerns about credit quality and risk.

### Engagements: [------] [#](/creator/twitter::1094621743191347201/interactions)
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- [--] Year [----------] +155%

### Mentions: [--] [#](/creator/twitter::1094621743191347201/posts_active)
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- [--] Week [---] +19%
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### Followers: [------] [#](/creator/twitter::1094621743191347201/followers)
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### CreatorRank: [-------] [#](/creator/twitter::1094621743191347201/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1094621743191347201/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[finance](/list/finance)  #6943 [stocks](/list/stocks)  16.51% [financial services](/list/financial-services)  #972 [countries](/list/countries)  3.21% [technology brands](/list/technology-brands)  2.75% [cryptocurrencies](/list/cryptocurrencies)  1.83% [automotive brands](/list/automotive-brands)  0.92% [social networks](/list/social-networks)  0.46% [currencies](/list/currencies)  0.46%

**Social topic influence**
[debt](/topic/debt) 10.09%, [ai](/topic/ai) 5.05%, [fund](/topic/fund) 5.05%, [business](/topic/business) 3.67%, [in the](/topic/in-the) 3.21%, [software](/topic/software) 2.29%, [company](/topic/company) 2.29%, [diligence](/topic/diligence) 2.29%, [blue](/topic/blue) 2.29%, [credits](/topic/credits) 1.83%

**Top accounts mentioned or mentioned by**
[@levfinor](/creator/undefined) [@grok](/creator/undefined) [@dkarbowitz](/creator/undefined) [@ofcmarshmallow](/creator/undefined) [@adavance2ai](/creator/undefined) [@jwalters314](/creator/undefined) [@werth4949](/creator/undefined) [@ryancohen](/creator/undefined) [@greenleafcapm](/creator/undefined) [@tilfordhm](/creator/undefined) [@mattmvinson](/creator/undefined) [@buysideaireview](/creator/undefined) [@chamath](/creator/undefined) [@cxcarroll](/creator/undefined) [@johncit3](/creator/undefined) [@origoinvest](/creator/undefined) [@allmenmustdyee](/creator/undefined) [@archegosintern](/creator/undefined) [@gregelmlinger](/creator/undefined) [@xdiep4474](/creator/undefined)

**Top assets mentioned**
[BlackRock Inc (BLK)](/topic/blackrock) [Oracle Corporation (ORCL)](/topic/$orcl) [Leslie's, Inc. (LESL)](/topic/$lesl) [PRiVCY (PRIV)](/topic/$priv) [Electronic Arts Inc. (EA)](/topic/$ea) [Alphabet Inc Class A (GOOGL)](/topic/$goog) [Dun and Bradstreet Holdings Inc (DNB)](/topic/$dnb) [Landwolf (WOLF)](/topic/$wolf) [GE HealthCare Technologies Inc. Common Stock (GEHC)](/topic/ge-healthcare) [WW International, Inc. Common Stock (WW)](/topic/$ww) [Sweetgreen Inc. (SG)](/topic/$sg)
### Top Social Posts
Top posts by engagements in the last [--] hours

"Checking to see if the new issue I bought is trading up 99.875-100.125 1MMx1MM"  
[X Link](https://x.com/junkbondinvest/status/1986576888052228110)  2025-11-06T23:30Z 43.9K followers, 15K engagements


"Blue Owl says their software portfolio is "pristine" and has "largely green flags" Public markets disagree (-24% YTD 52-wk lows). 15% redemptions also disagree. But the marks agree. That's what matters"  
[X Link](https://x.com/junkbondinvest/status/2019780733141647780)  2026-02-06T14:30Z 43.9K followers, 58.1K engagements


"https://www.bloomberg.com/news/articles/2026-02-10/jpmorgan-kicks-off-electronic-arts-1-5-billion-bond-buyback https://www.bloomberg.com/news/articles/2026-02-10/jpmorgan-kicks-off-electronic-arts-1-5-billion-bond-buyback"  
[X Link](https://x.com/junkbondinvest/status/2021378005348778288)  2026-02-11T00:17Z 43.9K followers, [----] engagements


"$18 billion in tech loans dropped to distressed levels in four weeks. Total distressed pile now $47 billion. But don't worry private credit managers assure us the equity cushion is "generous.""  
[X Link](https://x.com/junkbondinvest/status/2020323259741532573)  2026-02-08T02:26Z 43.9K followers, 18.1K engagements


"MS expects hyperscalers to borrow $400 billion this year. Oracle: $25B done Alphabet: $20B pricing now IG spreads at two-decade tights. Supply is coming. $ORCL $GOOG"  
[X Link](https://x.com/junkbondinvest/status/2020944256974848090)  2026-02-09T19:33Z 43.9K followers, 17.9K engagements


"https://www.junkbondinvestor.com/p/the-bdc-primer-part-1 https://www.junkbondinvestor.com/p/the-bdc-primer-part-1"  
[X Link](https://x.com/junkbondinvest/status/2021030483078037774)  2026-02-10T01:16Z 43.9K followers, [----] engagements


"Google issuing a 100-year bond to fund AI capex. Remember JC Penneys 100-year bond Issued in [----]. Bankrupt in [----]. At least they got their basis back in coupons"  
[X Link](https://x.com/junkbondinvest/status/2021283651762131275)  2026-02-10T18:02Z 43.9K followers, 15.5K engagements


"Two pitches happening in credit markets simultaneously: Private credit: Low defaults stable income let's get into 401ks Oaktree: Largest distressed fund ever opportunity set has never been bigger These are descriptions of the same borrower pool"  
[X Link](https://x.com/junkbondinvest/status/2021740034643124514)  2026-02-12T00:16Z 43.9K followers, 20.2K engagements


"Ok we doing this or what #Telegram"  
[X Link](https://x.com/junkbondinvest/status/1828124475415765031)  2024-08-26T17:36Z 43.7K followers, [----] engagements


"Private credits pitch: We're not banks we just do exactly what banks do with less oversight Now managing $3.4 trillion👇"  
[X Link](https://x.com/anyuser/status/1878826343699214464)  2025-01-13T15:28Z 43.9K followers, 107.2K engagements


"Thoma Bravo raises $3.6bn credit fund "focused on enterprise software" Translation: We're going to lend to our own portfolio companies"  
[X Link](https://x.com/anyuser/status/1881824958181244996)  2025-01-21T22:03Z 43.9K followers, 56.2K engagements


"Wow $LESL 1L TL falling off a cliff. Now trading in the 40s"  
[X Link](https://x.com/junkbondinvest/status/1958180392164282702)  2025-08-20T14:52Z 43.6K followers, [----] engagements


"How soon before Clearlake does an LME $DNB"  
[X Link](https://x.com/junkbondinvest/status/1960334759080407226)  2025-08-26T13:33Z 43.6K followers, 18.7K engagements


"Banks warning about private credit quality while funding its growth: Wells Fargo: $60B lent to private credit BofA: $33B PNC: $30B JPM: $22B Total: Nearly $300B Cant raise alarms about cockroaches when youre the one feeding them"  
[X Link](https://x.com/anyuser/status/1981138117072736358)  2025-10-22T23:18Z 43.9K followers, 104.3K engagements


"China is spending billions to control the silicon carbide supply chain The US has exactly one scaled domestic producer $WOLF It just emerged from bankruptcy with the debt wiped clean Post-reorg equity you don't usually see"  
[X Link](https://x.com/junkbondinvest/status/1989421786472358269)  2025-11-14T19:54Z 43.6K followers, 13.4K engagements


"Heres the setup: https://www.junkbondinvestor.com/p/wolfspeed-inc-wolf-post-reorg-pre https://www.junkbondinvestor.com/p/wolfspeed-inc-wolf-post-reorg-pre"  
[X Link](https://x.com/junkbondinvest/status/1989421861395214605)  2025-11-14T19:55Z 43.6K followers, [----] engagements


"CD&R raising debt to buy Sealed Air the company that invented Bubble Wrap. We are literally leveraging the bubble 😅"  
[X Link](https://x.com/junkbondinvest/status/1990833449888813472)  2025-11-18T17:24Z 43.6K followers, [----] engagements


"Merck and GE Healthcare raised $9.25 billion in ONE DAY for acquisitions that wont close until [----] Deals announced just [--] weeks earlier Q4 2025: $113B in M&A bond sales (highest in [--] years) Funding deals [--] months early because conditions are too good to wait"  
[X Link](https://x.com/junkbondinvest/status/1998072752058556449)  2025-12-08T16:50Z 43.6K followers, [----] engagements


"Private credit default rate hit 5.7%. Here's the breakdown: 59% PIK toggle (can't pay cash pay in more debt) 25% maturity extension (can't refi push it out) 9% actual missed payment In public markets this is called distressed. In private credit it's called "bespoke solutions." https://twitter.com/i/web/status/2002419338733891664 https://twitter.com/i/web/status/2002419338733891664"  
[X Link](https://x.com/junkbondinvest/status/2002419338733891664)  2025-12-20T16:42Z 43.8K followers, 88.4K engagements


"Private credit ETF $PRIV raised $45M of $1.5 trillion in [----] ETF flows then lost $100M in November despite outperforming State Street seeing "great enthusiasm" and "increasing interest" somewhere"  
[X Link](https://x.com/junkbondinvest/status/2003513424664518868)  2025-12-23T17:09Z 43.8K followers, [----] engagements


"Wrote up Leslie's Poolmart back in October. 1L term loan up 30%+ since. Distressed retail isn't always a death sentence. The price you pay matters $LESL"  
[X Link](https://x.com/junkbondinvest/status/2007861598371856563)  2026-01-04T17:08Z 43.8K followers, [----] engagements


"AI-related debt issuance: $200B in [--] vs.$70B in [--] Now 30% of net IG supply Big Tech has mountains of cash. Still issuing bonds for AI buildouts. IG investors wanted safe corporate bonds. Now getting concentrated AI capex bets instead"  
[X Link](https://x.com/junkbondinvest/status/2011098743010136095)  2026-01-13T15:31Z 43.6K followers, [----] engagements


"Everyone's debating whether $WW equity works post-restructuring Meanwhile the 1L is at [--] cents. S+680. 14% yield. Sub-2x leverage. $1.6B of debt became $465M. Maybe the wrong part of the cap stack is getting attention"  
[X Link](https://x.com/junkbondinvest/status/2012272966076080309)  2026-01-16T21:17Z 43.6K followers, [----] engagements


"Sweetgreen's expansion chief is OUT. The company has never turned a profit. SSS worst since pandemic. Stock down 76%. They pulled their fries after [--] months because "undue complexity." It's a salad restaurant.🤦♂ $SG"  
[X Link](https://x.com/junkbondinvest/status/2012643782538195122)  2026-01-17T21:50Z 43.6K followers, 11.7K engagements


"Spirits companies sitting on record inventory they can't move. Anyone know where I can buy some discounted whiskey barrels"  
[X Link](https://x.com/junkbondinvest/status/2013042201547186515)  2026-01-19T00:13Z 43.5K followers, 33.2K engagements


"Denmark gov't bonds at [--] cents. When a country's debt trades below [--] you start eyeing the collateral. Greenland is the collateral"  
[X Link](https://x.com/junkbondinvest/status/2013267167794368895)  2026-01-19T15:07Z 43.5K followers, 686.9K engagements


"Private credit managers watching writedowns pile up: "You know who should have access to this Dental hygienists.""  
[X Link](https://x.com/junkbondinvest/status/2013799724705370276)  2026-01-21T02:24Z 43.5K followers, 12K engagements


"Burry: "Being long GameStop is almost as asymmetric as it gets" Wrote about the converts in December. $9B cash 0% debt @ryancohen can do anything total optionality. The setup hasn't changed. $GME"  
[X Link](https://x.com/junkbondinvest/status/2015854498254635210)  2026-01-26T18:28Z 43.4K followers, [----] engagements


"@greenleafcapm Which names"  
[X Link](https://x.com/junkbondinvest/status/2015917911823532204)  2026-01-26T22:40Z 43.5K followers, [---] engagements


"The Yale endowment model in 2025: Yale 3-year return: 6.2% Princeton: 4.3% Simple 70/30 portfolio: beat both College of New Jersey with ZERO PE: 11.5% Turns out index funds work"  
[X Link](https://x.com/junkbondinvest/status/2016137645735211220)  2026-01-27T13:14Z 43.5K followers, 93.1K engagements


"Higher ed credit stress: St. Lawrence: downgraded two notches above junk Gannon: downgraded to lowest IG Saint Francis: downgraded Bard upgraded after Soros donated $1 billion though The solution is simple. Just get a billionaire to donate"  
[X Link](https://x.com/junkbondinvest/status/2016503344475328644)  2026-01-28T13:27Z 43.6K followers, [----] engagements


"First Brands creditors are in Cleveland trying to figure out if anything is real. Meanwhile the DIP they funded is at [--] cents and the company runs out of cash this week. Ford and GM paying in advance just to keep the lights on. "Is this a business with fraud attached or a fraud with a business attached""  
[X Link](https://x.com/junkbondinvest/status/2016620352831373630)  2026-01-28T21:12Z 43.5K followers, 16.5K engagements


"Some people never learn $CVNA Deep value investors trying to short $CVNA over the last [--] years https://t.co/8kssjtFhNb Deep value investors trying to short $CVNA over the last [--] years https://t.co/8kssjtFhNb"  
[X Link](https://x.com/junkbondinvest/status/2016687146527027509)  2026-01-29T01:37Z 43.5K followers, 24.1K engagements


"Another Clearlake special. Pretium did an LME in [----] and a debt buyback in [----]. Filed Chapter [--] this week. 80% of LMEs default within [--] years. Right on schedule"  
[X Link](https://x.com/junkbondinvest/status/2016872844680949924)  2026-01-29T13:55Z 43.6K followers, 20.9K engagements


"JPM selling $EA's TLA: $3B SOFR+250-275. Middle East and Asian banks buying now. TLB and bonds in April. $20B total. Biggest LBO financing EVER. Banks desperate for M&A fees finally eating. https://twitter.com/i/web/status/2017265879927394408 https://twitter.com/i/web/status/2017265879927394408"  
[X Link](https://x.com/junkbondinvest/status/2017265879927394408)  2026-01-30T15:57Z 43.6K followers, [----] engagements


"Fitch private credit default rate: 5.6% and rising. Tracking [----] borrowers. [--] defaults last year. Healthcare leading the way. Now imagine the stuff that isn't tracked"  
[X Link](https://x.com/junkbondinvest/status/2017735017443537224)  2026-01-31T23:01Z 43.6K followers, 23.4K engagements


"Software is 12% of the leveraged loan market. Now it's the worst performing sector in CLOs. Loans down. Deals pulled. MS recommending shorts. The real problem is [----] deal structures priced for growth that never came. AI is just the catalyst"  
[X Link](https://x.com/junkbondinvest/status/2017963123538313448)  2026-02-01T14:07Z 43.6K followers, 38.9K engagements


"Oracle raising $45-50 billion this year. Half equity. Half bonds. Single bond issuance coming early [----]. The AI revolution runs on leverage. $ORCL"  
[X Link](https://x.com/junkbondinvest/status/2018108343231951240)  2026-02-01T23:44Z 43.7K followers, 20.4K engagements


"1/ BlackRock credit weekly report has some interesting CRE charts:"  
[X Link](https://x.com/junkbondinvest/status/2018120600288375054)  2026-02-02T00:33Z 43.4K followers, [----] engagements


"This is what the business does.lol"  
[X Link](https://x.com/junkbondinvest/status/2018832969184719247)  2026-02-03T23:44Z 43.5K followers, [----] engagements


"Continuation fund closed. Iowa municipal workers are now long [----] vintage software loans"  
[X Link](https://x.com/junkbondinvest/status/2018840400811979161)  2026-02-04T00:13Z 43.5K followers, 23.9K engagements


"@tilford_hm Give us the details"  
[X Link](https://x.com/junkbondinvest/status/2018858548151927148)  2026-02-04T01:26Z 43.5K followers, [----] engagements


"Software was supposed to eat the world. Now software stocks lost $300B in a single day because AI is eating software The sticky recurring revenues thesis is about to be tested"  
[X Link](https://x.com/junkbondinvest/status/2019097124164493442)  2026-02-04T17:14Z 43.5K followers, [----] engagements


"PE cant sell companies so they invented secondaries Secondaries got so big they needed their own secondaries funds Now managers are buying secondaries managers Were running out of layers of financial engineering to avoid actually exiting investments"  
[X Link](https://x.com/junkbondinvest/status/2019449989978636688)  2026-02-05T16:36Z 43.5K followers, 39.7K engagements


"@mattmvinson The 28% discount isn't all just credit loss. It's also: lower fwd dividend ROE compression as rates fall fee drag and a BDC that cant issue equity accretively below NAV. Credit can be fine and you still deserve a discount"  
[X Link](https://x.com/junkbondinvest/status/2019783990916317338)  2026-02-06T14:43Z 43.5K followers, [----] engagements


"@BuysideAIreview Wydm Youre telling me you dont do this"  
[X Link](https://x.com/junkbondinvest/status/2020962136235933829)  2026-02-09T20:44Z 43.7K followers, [----] engagements


"You want to know where we are in the credit cycle A prison food company just issued CCC bonds to pay a dividend to its PE sponsor. That's where"  
[X Link](https://x.com/junkbondinvest/status/2021758503098994902)  2026-02-12T01:29Z 43.9K followers, 138K engagements


"Nice friendly exchange between $PSEC's CEO and a WFC research analyst on today's earnings call 😅🤣"  
[X Link](https://x.com/junkbondinvest/status/1829168359797317649)  2024-08-29T14:44Z 43.9K followers, 257.8K engagements


"Whirlpool watching Asian competitors front-run tariffs with promotions: "This wasn't in the America First playbook" Cuts EPS guidance by $2-4. Stock: -12% $WHR"  
[X Link](https://x.com/junkbondinvest/status/1949940672519164326)  2025-07-28T21:10Z 43.9K followers, 25.7K engagements


"JPMorgan paid $175M for Frank after due diligence that: - Missed [--] MILLION fake users - Thought BofA was bidding (nope CapOne withdrew same day) - Email blast to "millions of users" yielded [--] accounts Peak institutional DD Charlie Javice sobs in court as shes sentenced to [--] years in prison for swindling JPMorgan out of $175 million: I am no longer a source of pride for my family https://t.co/mb1fy0m7qS https://t.co/hMSJMYYrNy Charlie Javice sobs in court as shes sentenced to [--] years in prison for swindling JPMorgan out of $175 million: I am no longer a source of pride for my family"  
[X Link](https://x.com/anyuser/status/1972826801073504663)  2025-09-30T00:52Z 43.9K followers, 131.8K engagements


"Blue Owl's solution to rising redemptions: Step 1: Block redemptions in $1B retail fund Step 2: Force merger with fund trading 20% below NAV Step 3: Investors take 20% loss lose redemption rights permanently Step 4: CFO calls it a "no-brainer at [--] cents" Redemptions climbed to 6% of NAV in Q3 So they eliminated redemptions entirely Problem solved"  
[X Link](https://x.com/anyuser/status/1990160509434466371)  2025-11-16T20:50Z 43.9K followers, 370.9K engagements


"$7bn pulled from private credit funds in Q4. Blackstone: $2.1bn (4.5%) Ares: $600M (5.6%) BlackRock/HPS: $475M (4.1%) Blue Owl tech fund: 15% (lol) The funny part is First Brands and Tricolor were mostly bank deals. PC is eating the reputational hit anyway. Dimon says "cockroach" and the whole asset class takes redemptions. #GoldenAge https://twitter.com/i/web/status/2012570379173155172 https://twitter.com/i/web/status/2012570379173155172"  
[X Link](https://x.com/junkbondinvest/status/2012570379173155172)  2026-01-17T16:59Z 43.9K followers, 37.8K engagements


"$CHGG is the template. AI showed up. Business evaporated. A lot of SaaS charts are going to look like this"  
[X Link](https://x.com/junkbondinvest/status/2013032250296725965)  2026-01-18T23:34Z 43.9K followers, 54.7K engagements


"Buried in the Thoma Bravo interview: Some public software companies are now unbuyable because SBC is so excessive PE cant afford to cash it out If SBC eats the equity PE isnt your exit"  
[X Link](https://x.com/junkbondinvest/status/2014458661377040524)  2026-01-22T22:02Z 43.9K followers, 146.4K engagements


"Schwarzman in 2023: If you can earn 12-13% in senior secured bank debt what else do you want to do in life Blue Owl Tech investors in Q425: Redemption requests at 17% Turns out the answer was get my money back"  
[X Link](https://x.com/junkbondinvest/status/2014873430982586683)  2026-01-24T01:30Z 43.9K followers, 147.9K engagements


"FAT Brands joins the casual dining bankruptcy list: Hooters Red Lobster TGI Friday's FAT Brands All loaded with whole business securitization debt. All BK. Meanwhile Jersey Mike's just issued $760M in whole business securitization debt last week. $FAT"  
[X Link](https://x.com/junkbondinvest/status/2016169023206035536)  2026-01-27T15:18Z 43.9K followers, 13K engagements


"Blue Owl tech fund lost 15% of assets the moment they let people leave. This is the product going into wealth channels and 401ks"  
[X Link](https://x.com/junkbondinvest/status/2016942092904206338)  2026-01-29T18:30Z 43.9K followers, 14.7K engagements


"UBS worst-case AI disruption scenarios: - Private credit: 13% defaults - Leveraged loans: 8% - High-yield bonds: 4% PC most exposed because that's where 2021-2022 vintage software deals got funded when banks couldn't syndicate. The concentration is now becoming the vulnerability. https://twitter.com/i/web/status/2018469583498416333 https://twitter.com/i/web/status/2018469583498416333"  
[X Link](https://x.com/junkbondinvest/status/2018469583498416333)  2026-02-02T23:40Z 43.9K followers, 44.2K engagements


"https://www.forbes.com/sites/hanktucker/2026/01/29/why-private-equity-is-suddenly-awash-with-zombie-firms/ https://www.forbes.com/sites/hanktucker/2026/01/29/why-private-equity-is-suddenly-awash-with-zombie-firms/"  
[X Link](https://x.com/junkbondinvest/status/2018514292622946374)  2026-02-03T02:38Z 43.9K followers, 17.5K engagements


"Deutsche Bank is stuck with $1.2B of Conga loans. Thoma Bravo software deal. SOFR + [---] @ [--]. But the business is document automation. Absolutely PEAK AI disruption risk. The hung deal era is here"  
[X Link](https://x.com/junkbondinvest/status/2018832007036641398)  2026-02-03T23:40Z 43.9K followers, 26.7K engagements


"@LevFinor I bet they're all marked at par too right"  
[X Link](https://x.com/junkbondinvest/status/2019787724970930644)  2026-02-06T14:58Z 43.9K followers, [----] engagements


"Wall Street wants to put private credit in your 401k Meanwhile the publicly traded version they already sold to retail investors: KKR's BDC: down 33% YTD BlackRock BDC: 7% nonperforming Blue Owl: scrapped fund merger after backlash Democratization. Source: WSJ"  
[X Link](https://x.com/junkbondinvest/status/2005341420446691371)  2025-12-28T18:13Z 43.9K followers, 21.5K engagements


"Meta and Blue Owl raised $27B for a single data center in Louisiana. That's one building. Banks forecasting record IG issuance in [----]. MS sees $2.3T. Credit markets are the financing arm of the AI buildout now. Whether they know it or not. AI Debt Spree Is Fueling a Credit Trading Frenzy While the bulk of the supply will be in USD bonds also a great number of reverse yankee bonds is expected. https://t.co/YGUwAZQwGw AI Debt Spree Is Fueling a Credit Trading Frenzy While the bulk of the supply will be in USD bonds also a great number of reverse yankee bonds is expected. https://t.co/YGUwAZQwGw"  
[X Link](https://x.com/junkbondinvest/status/2007984368950903019)  2026-01-05T01:15Z 43.9K followers, 14.6K engagements


"The guy who JUST rated your private credit loan investment grade:"  
[X Link](https://x.com/junkbondinvest/status/1961480658041131467)  2025-08-29T17:26Z 43.9K followers, 45.8K engagements


"Brookfield and Apollo both saying PE is massively oversaturated: [----] firms or [----] too many "Many don't realize they just raised their last fund" Hate to say it but they're probably right"  
[X Link](https://x.com/anyuser/status/1971574070287450343)  2025-09-26T13:54Z 43.9K followers, 171.2K engagements


"While equity holders celebrate their 25% takeover premium sleepy IG bondholders who bought $EA's 2051s in the 60s are staring at 50%+ returns. More than double the equity return. With a contractual put at [---]. Yet the bonds trade at [--] an 11-point discount. Why is nobody arbitraging this gap Theres a catch: https://twitter.com/i/web/status/1978976308320154009 https://twitter.com/i/web/status/1978976308320154009"  
[X Link](https://x.com/junkbondinvest/status/1978976308320154009)  2025-10-17T00:08Z 43.9K followers, 80.9K engagements


"Created r/LeveragedFinance for people working in credit First Brands postmortems EBITDA add-backs and why we keep losing on doc terms Safety in numbers"  
[X Link](https://x.com/junkbondinvest/status/1981804493382529456)  2025-10-24T19:26Z 43.9K followers, 51.5K engagements


"CD&R raising $26B for new PE fund. Would be among largest ever. Meanwhile rest of industry raised $407B in [----] vs $612B in [----]. Down 33%. The big keep getting bigger while the rest fight for scraps"  
[X Link](https://x.com/junkbondinvest/status/2010771904550863249)  2026-01-12T17:52Z 43.9K followers, [----] engagements


"If it wasn't obvious by now software credits just had their worst weeks in years. Alright. Who's buying What and why"  
[X Link](https://x.com/junkbondinvest/status/2018855859938304305)  2026-02-04T01:15Z 43.9K followers, 19K engagements


"AMC's capital structure has [----] lien notes and [---] lien notes. When your liens need decimals you know how this ends. Three years to the maturity wall. Plenty of decimals left. $AMC"  
[X Link](https://x.com/junkbondinvest/status/2018878869772902646)  2026-02-04T02:46Z 43.9K followers, [----] engagements


"Wrote up the situation the box office math and where the value might be. https://www.junkbondinvestor.com/p/amc-entertainment-amc-a-layer-cake https://www.junkbondinvestor.com/p/amc-entertainment-amc-a-layer-cake"  
[X Link](https://x.com/junkbondinvest/status/2018879338142454145)  2026-02-04T02:48Z 43.9K followers, [----] engagements


"Its called private credit T. Earnings are made up but the doc is fuckin tight and get thisthese weirdos let us mark it at whatever the fuck we want"  
[X Link](https://x.com/anyuser/status/1845906289521541182)  2024-10-14T19:15Z 43.9K followers, 81.3K engagements


"Reminder: First Brands was a widely held BSL and $2.3B allegedly just vanished Now think about private credit deals with 2-3 lenders quarterly (maybe) reporting and marks set by the people who made the loan If this happened in the visible market whats happening in the invisible one"  
[X Link](https://x.com/junkbondinvest/status/1976710682717700602)  2025-10-10T18:05Z 43.9K followers, 122.4K engagements


"Bally's couldn't get bank loan after trying to swap real collateral for unbuilt casino Got $1.1B from private credit instead The bid knows no bounds $BALY"  
[X Link](https://x.com/junkbondinvest/status/1998189822809391473)  2025-12-09T00:35Z 43.9K followers, 15.7K engagements


"Non-traded BDC redemptions used to run 2%. Now running 5%. Blue Owl just let 17% out. Sentiment doesnt show up in the NAV. It shows up at the exit"  
[X Link](https://x.com/junkbondinvest/status/2008957597697581299)  2026-01-07T17:43Z 43.9K followers, 16.4K engagements


"Private equity buying OnlyFans to help "under-banked" creators. $1.6B in annual revenue. $1B in dividends to the owner. IPO path by [----]. The deal flow in [----] is something else"  
[X Link](https://x.com/junkbondinvest/status/2017337753378193658)  2026-01-30T20:42Z 43.9K followers, 234.3K engagements


"Why would a PE firm sell an asset at a LOSS when holding it keeps the 2% management fee alive They wouldn't. That's the problem. This is what's called a zombie fund. $130 billion in AUM across [--] firms. No new flagship in 5+ years. Here's the top [--]. Some surprising names on the list. https://twitter.com/i/web/status/2018514162024894909 https://twitter.com/i/web/status/2018514162024894909"  
[X Link](https://x.com/junkbondinvest/status/2018514162024894909)  2026-02-03T02:37Z 43.9K followers, 272K engagements


"Blue Owl BDC at lowest level since October [----]. Software is 20% of BDC portfolios. Maybe more. The loans don't trade so nobody knows the real marks. And that's before you count the software companies classified as "healthcare""  
[X Link](https://x.com/junkbondinvest/status/2018829577137840230)  2026-02-03T23:30Z 43.9K followers, 25.3K engagements


"Buffett once said if you saw cars coming in [----] you shouldve shorted horses not picked automakers. Private credit in 2021-2022 decided to go long horses. Specifically enterprise software at peak valuations funded with floating rate loans"  
[X Link](https://x.com/junkbondinvest/status/2019491244578062751)  2026-02-05T19:20Z 43.9K followers, 52.9K engagements


"r/leveragedfinance is now over [----] members. No snitch clause. No 3-day reporting requirement. Join us. #SafetyInNumbers https://www.reddit.com/r/leveragedfinance/ Created r/LeveragedFinance for people working in credit First Brands postmortems EBITDA add-backs and why we keep losing on doc terms Safety in numbers https://t.co/68KCZU8kmd https://www.reddit.com/r/leveragedfinance/ Created r/LeveragedFinance for people working in credit First Brands postmortems EBITDA add-backs and why we keep losing on doc terms Safety in numbers https://t.co/68KCZU8kmd"  
[X Link](https://x.com/junkbondinvest/status/2019893016086081656)  2026-02-06T21:56Z 43.9K followers, 13.7K engagements


"Thoma Bravo's lawyers are drafting the cease and desist now"  
[X Link](https://x.com/junkbondinvest/status/2019893109665190277)  2026-02-06T21:56Z 43.9K followers, [----] engagements


"Jennifer Garner's baby food company just IPO'd. Lost $24 million last year $724mm valuation. Popped 17% first day. Meanwhile PE sponsors are sitting on 6-year holds raising continuation vehicles and praying for an exit. The IPO window is open. Just not for you"  
[X Link](https://x.com/junkbondinvest/status/2020322962357023082)  2026-02-08T02:25Z 43.9K followers, 50.9K engagements


"1/3 of the largest US accounting firms are now owned by PE. The concern regulators are raising: What happens when auditors find something wrong at a company owned by the same PE firm that owns them In the UK thats banned. In the US its just. a concern being raised"  
[X Link](https://x.com/junkbondinvest/status/2020863193728311805)  2026-02-09T14:11Z 43.9K followers, 41.5K engagements


"CLOs figured out a cheat code. Create your own captive equity fund to buy the risky portion of your own CLOs. Now you dont need external investors to validate that the deal makes sense. You just. do the deal and collect the fees"  
[X Link](https://x.com/junkbondinvest/status/2020865650671890689)  2026-02-09T14:21Z 43.9K followers, 20.9K engagements


"Somewhere a credit analyst is building a recovery waterfall in Excel for a SaaS company whose product Claude can replicate in [--] seconds"  
[X Link](https://x.com/junkbondinvest/status/2020946708889469005)  2026-02-09T19:43Z 43.9K followers, 53.6K engagements


"Three weeks ago: 77% of loans above par repricing wave in full swing Today: 38% above par M&A deals replacing repricings The software selloff reset the whole market"  
[X Link](https://x.com/junkbondinvest/status/2020997831742337165)  2026-02-09T23:06Z 43.9K followers, 14.7K engagements


"Lot of questions about BDCs lately. Wrote a primer. What they are. How the fees work. Why the liability side can blow up faster than the asset side. Check out Part [--] here (link below):"  
[X Link](https://x.com/junkbondinvest/status/2021030301540188471)  2026-02-10T01:15Z 43.9K followers, 18.8K engagements


"Everyone worried about AI disruption especially analysts But AI will never replace the nuance of a human asking "what's your leverage target" or "what's the right way to think about EBITDA margins going forward" Some things require a human touch"  
[X Link](https://x.com/junkbondinvest/status/2021047391453958350)  2026-02-10T02:23Z 43.9K followers, [----] engagements


"Irreplaceable skill set. The moat is deep"  
[X Link](https://x.com/junkbondinvest/status/2021047635839418766)  2026-02-10T02:24Z 43.9K followers, [----] engagements


"Every software LBO from [----] is now a live experiment in whether mission critical actually meant anything"  
[X Link](https://x.com/junkbondinvest/status/2021286690459906254)  2026-02-10T18:14Z 43.9K followers, 10.7K engagements


"EA [----] bondholders were supposed to get a [---] CoC upon an LBO. Yet after the announcement the bonds traded only at [--]. Not quite [---]. There was a reason. Today we learned why. JPMorgan launched a tender at T+0. Bonds dropped [--] points. Wrote about the defeasance risk back in October. $EA While equity holders celebrate their 25% takeover premium sleepy IG bondholders who bought $EA's 2051s in the 60s are staring at 50%+ returns. More than double the equity return. With a contractual put at [---]. Yet the bonds trade at [--] an 11-point discount. Why is nobody https://t.co/jvj3cx2ovX While equity"  
[X Link](https://x.com/junkbondinvest/status/2021377225791045975)  2026-02-11T00:14Z 43.9K followers, 34.2K engagements


"Wow shocked that people don't want to buy jewelry from their TV anymore. Some business models can't be restructured. They should just end. $QVC"  
[X Link](https://x.com/junkbondinvest/status/2021378396970967449)  2026-02-11T00:18Z 43.9K followers, 10.2K engagements


""Amend and extend" is just a formal way of saying nobody wants to find out what this thing is actually worth"  
[X Link](https://x.com/junkbondinvest/status/2022100441283350759)  2026-02-13T00:08Z 43.9K followers, [----] engagements


"Anthropic CEO: half of entry-level jobs may vanish by [----]. IBM: *triples entry-level hiring* Different read on the same technology"  
[X Link](https://x.com/junkbondinvest/status/2022105038051762214)  2026-02-13T00:26Z 43.9K followers, 10.4K engagements


"Dun & Bradstreet was the largest fintech transaction in [----]. A company founded in [----]. Fintech"  
[X Link](https://x.com/junkbondinvest/status/2022110280185262176)  2026-02-13T00:47Z 43.9K followers, [----] engagements


"BlackRock and Partners Group launching a private markets product for wealth clients through MS. Private equity private credit and real assets all in one account. The retail distribution machine is fully operational"  
[X Link](https://x.com/junkbondinvest/status/2016876198597476620)  2026-01-29T14:08Z 43.3K followers, [----] engagements


"First Brands founder facing maximum sentence of life in prison. Fake invoices triple-pledged collateral hidden debt through family entities. They kept internal "bridge files" showing real financials next to fake ones. Someone still funded the DIP though"  
[X Link](https://x.com/junkbondinvest/status/2017036158379659495)  2026-01-30T00:44Z 43.3K followers, 11.1K engagements


"https://www.wsj.com/business/deals/onlyfans-in-talks-to-sell-majority-stake-to-investment-firm-61f9971f https://www.wsj.com/business/deals/onlyfans-in-talks-to-sell-majority-stake-to-investment-firm-61f9971f"  
[X Link](https://x.com/junkbondinvest/status/2017337940544749661)  2026-01-30T20:43Z 43.3K followers, [----] engagements


"Multi-Color bonds from [--] to [--] in two weeks. Prepack with 70% secured lenders onboard. Unsecured holders found out the hard way. $LABL"  
[X Link](https://x.com/junkbondinvest/status/2018106892132688119)  2026-02-01T23:39Z 43.3K followers, 18K engagements


"https://www.businesswire.com/news/home/20260128693645/en/Multi-Color-Corporation-Initiates-Implementation-of-Restructuring-Agreement https://www.businesswire.com/news/home/20260128693645/en/Multi-Color-Corporation-Initiates-Implementation-of-Restructuring-Agreement"  
[X Link](https://x.com/junkbondinvest/status/2018106937401807244)  2026-02-01T23:39Z 43.3K followers, [----] engagements


"Wrote about the credit in December. CDS already 12bps wider https://www.junkbondinvestor.com/p/oracle-orcl-heads-i-win-tails-you https://www.junkbondinvestor.com/p/oracle-orcl-heads-i-win-tails-you"  
[X Link](https://x.com/junkbondinvest/status/2018109271037169812)  2026-02-01T23:48Z 43.3K followers, [----] engagements


"2/ 4Q'25 transactions up 32% y/y. Values finding a floor. But industrial up 62% since '19 while CBD office down 49%. Same asset class on paper completely different realities"  
[X Link](https://x.com/junkbondinvest/status/2018120602213630121)  2026-02-02T00:33Z 43.3K followers, [----] engagements


"Apollo really said "we'll take those real estate assets" and dropped $1.5bn on Bridge Investment Group $110bn in RE AUM and counting.the consolidation continues $APO $BRDG"  
[X Link](https://x.com/junkbondinvest/status/1894029709949755836)  2025-02-24T14:20Z 43.6K followers, [----] engagements


"The private credit ETF experiment is going exactly as you'd expect: - $PRIV sitting at $54mm - No new flows in 6+ weeks - 3% actual private credit exposure - Everyone else pivoting to interval funds Maybe retail investors aren't as desperate for illiquid assets as Wall Street thinks https://twitter.com/i/web/status/1912914704843850115 https://twitter.com/i/web/status/1912914704843850115"  
[X Link](https://x.com/junkbondinvest/status/1912914704843850115)  2025-04-17T17:03Z 43.6K followers, [----] engagements


"IMF on private credit: 40% of borrowers have negative cash flow up from 25% in [----]. 25% of income from deferred interest. Meanwhile banks have $500bn exposure to the sector"  
[X Link](https://x.com/anyuser/status/1916223033750028500)  2025-04-26T20:09Z 43.9K followers, 174.2K engagements


"State Street really looked at $PRIV's inflows and said "you know what we need" A second private credit ETF Sometimes the solution is more of the problem"  
[X Link](https://x.com/junkbondinvest/status/1927470844617388054)  2025-05-27T21:03Z 43.6K followers, [----] engagements


"Wrote about it here: https://www.junkbondinvestor.com/p/whirlpool-corp-whr-what-the-bond https://www.junkbondinvestor.com/p/whirlpool-corp-whr-what-the-bond"  
[X Link](https://x.com/junkbondinvest/status/1949941154138464410)  2025-07-28T21:12Z 43.7K followers, [----] engagements


"$WEWORK's 15.0% 1L "Secured" Bonds that were issued back in May [----]. $WE"  
[X Link](https://x.com/junkbondinvest/status/1689038732828020736)  2023-08-08T22:19Z 43.8K followers, 10.5K engagements


"You told your team were done with Clearlake. Then they show up with a new deal priced 200bps wide and whispered tight allocations. You:"  
[X Link](https://x.com/junkbondinvest/status/1931100566656352516)  2025-06-06T21:27Z 43.8K followers, 18.7K engagements


"https://junkbondinvestor.substack.com/p/array-technologies-arry-subsidized https://junkbondinvestor.substack.com/p/array-technologies-arry-subsidized"  
[X Link](https://x.com/junkbondinvest/status/1937319044526350382)  2025-06-24T01:17Z 43.8K followers, [----] engagements


"Secondaries earnings tripling while buyout earnings drop is what happens when you profit from other peoples liquidity problems"  
[X Link](https://x.com/junkbondinvest/status/1985408765387309304)  2025-11-03T18:08Z 43.9K followers, 94.6K engagements


"This chart explains why the PC cycle might be different $400B+ in retail money that didnt exist [--] years ago. Perpetual BDCs. Interval funds. Default rates matter. But redemption psychology might matter more"  
[X Link](https://x.com/junkbondinvest/status/2014456648215978001)  2026-01-22T21:54Z 43.8K followers, 15.2K engagements


"I am seeing the word "shitco" being used VERY liberally and frankly I take great offense (and disrespect) to it. #ValueCos ($T) #ScamCos (any @Chamath SPAC) and #ControversialCos ($TSLA) are NOT #ShitCos. Below I present the [--] principals a #ShitCo must live by:"  
[X Link](https://x.com/junkbondinvest/status/1367827848409604098)  2021-03-05T13:22Z 43.9K followers, [---] engagements


"Private credit has better downside protection because the docs are privately negotiated and therefore much tighter. 😂"  
[X Link](https://x.com/junkbondinvest/status/1717543298238177694)  2023-10-26T14:06Z 43.9K followers, 33.4K engagements


"The market just increased the present value of $SBUXs future cash flows by $20+ billion 😅 Wild spread in a CEO switch $CMG $SBUX"  
[X Link](https://x.com/junkbondinvest/status/1823359499018608704)  2024-08-13T14:02Z 43.9K followers, [----] engagements


"Overlooked credit or total dog $ARRY converts trade in the mid-70s yielding 8.7% / 483bps No real coupon. No rating. Not distressed just unwanted. $200mm+ EBITDA. PF leverage: 3.2x gross / 2.4x net. 24% LTV. Senior to Blackstones $493mm pref"  
[X Link](https://x.com/junkbondinvest/status/1937317739523096586)  2025-06-24T01:11Z 43.9K followers, 11.1K engagements


"Just offloaded some data center construction debt to a schoolteachers 401k"  
[X Link](https://x.com/anyuser/status/1981757008106942669)  2025-10-24T16:17Z 43.9K followers, 232.1K engagements


"PE associate on due diligence trip for a $3mm EBITDA waste management business add-on"  
[X Link](https://x.com/anyuser/status/1852026722117452255)  2024-10-31T16:35Z 43.9K followers, 152.8K engagements


"The "Golden Age" of Private Credit (Circa 2023):"  
[X Link](https://x.com/anyuser/status/1727395125490254206)  2023-11-22T18:34Z 43.9K followers, 290.7K engagements


"Founders sold Hooters decades ago PE took over changed everything Now founders buying it back post-bankruptcy First move: Undo everything PE did The cycle is complete"  
[X Link](https://x.com/anyuser/status/1985454181780484261)  2025-11-03T21:08Z 43.9K followers, 146.4K engagements


"Finally a PE rollup that makes sense: buying every marina so superyacht owners have nowhere else to park"  
[X Link](https://x.com/anyuser/status/1968764019814105174)  2025-09-18T19:48Z 43.9K followers, 106K engagements


"What book has you like this https://t.co/uskuAqcryl What book has you like this https://t.co/uskuAqcryl"  
[X Link](https://x.com/anyuser/status/1984713831495712801)  2025-11-01T20:07Z 43.9K followers, 148.2K engagements


"What book has you like this"  
[X Link](https://x.com/anyuser/status/1983266786738082182)  2025-10-28T20:17Z 75.1K followers, 4.7M engagements


"Someone is selling their mechanical keyboard on Bloomberg. We are SO back"  
[X Link](https://x.com/anyuser/status/1702472051385077963)  2023-09-14T23:59Z 43.9K followers, 329.6K engagements


"Public markets up double digits. Your PE fund flat. Youre stuck defending a 7x levered HVAC roll-up. And still have [--] years left on lockup"  
[X Link](https://x.com/anyuser/status/1970989845045784939)  2025-09-24T23:12Z 43.9K followers, 103.3K engagements


"Johnny Drama out on the trading floor selling some distressed nanocap bonds 😂"  
[X Link](https://x.com/anyuser/status/1793043586235204062)  2024-05-21T22:17Z 43.9K followers, 286.6K engagements


"JPMorgan paid $175M for Frank after due diligence that: - Missed [--] MILLION fake users - Thought BofA was bidding (nope CapOne withdrew same day) - Email blast to "millions of users" yielded [--] accounts Peak institutional DD Charlie Javice sobs in court as shes sentenced to [--] years in prison for swindling JPMorgan out of $175 million: I am no longer a source of pride for my family https://t.co/mb1fy0m7qS https://t.co/hMSJMYYrNy Charlie Javice sobs in court as shes sentenced to [--] years in prison for swindling JPMorgan out of $175 million: I am no longer a source of pride for my family"  
[X Link](https://x.com/anyuser/status/1972826801073504663)  2025-09-30T00:52Z 43.9K followers, 131.8K engagements


"Charlie Javice sobs in court as shes sentenced to [--] years in prison for swindling JPMorgan out of $175 million: I am no longer a source of pride for my family https://trib.al/L7gw8Z3 https://trib.al/L7gw8Z3"  
[X Link](https://x.com/anyuser/status/1972737497244344531)  2025-09-29T18:57Z 3.6M followers, 218.4K engagements


"Listening to the CFO explain why negative FCF is a sign of growth"  
[X Link](https://x.com/anyuser/status/1982229287022268729)  2025-10-25T23:34Z 43.9K followers, 59.8K engagements


"Walk me through how $10 of depreciation affects the [--] financial statements"  
[X Link](https://x.com/anyuser/status/1841294632552112443)  2024-10-02T01:50Z 43.9K followers, 112.4K engagements


"Howard Marks selling his remaining Oaktree stake right as: - Alternative managers consolidating at record valuations - BlackRock paying $12B+ for competitors - Everyone racing to build credit platforms Guy who made his fortune on distressed debt timing the exit perfectly. Again"  
[X Link](https://x.com/anyuser/status/1977794585536442733)  2025-10-13T17:52Z 43.9K followers, 157.6K engagements


"Oaktree: Largest distressed fund ever at $16bn. Market: But everythings fine Oaktree: Exactly"  
[X Link](https://x.com/anyuser/status/1889343330288357722)  2025-02-11T15:58Z 43.9K followers, 136.8K engagements


"Apollo discovered the one weird trick rating agencies love: take private credit fund stakes (inherently risky and illiquid) put them in an SPV slice them into tranches and boom: AAA-rated securities We literally had a global financial crisis about this exact thing. The only difference is now it's private credit instead of mortgages. The SPV the tranches the ratings arb.it's all there. Even the buyers are the same.insurance companies desperate for yield"  
[X Link](https://x.com/anyuser/status/1970270373041062272)  2025-09-22T23:33Z 43.9K followers, 197.8K engagements


"Newark New Jersey"  
[X Link](https://x.com/anyuser/status/1809343826974167342)  2024-07-05T21:49Z 43.9K followers, 117.6K engagements


"BDO borrowed $1.3B from Apollo at 9% to fund their ESOP BDO gave First Brands clean audit in March First Brands collapsed months later Apollo (BDOs lender) was shorting First Brands debt BDO now laying off staff to manage Apollo debt payments Nothing to see here just normal audit independence"  
[X Link](https://x.com/anyuser/status/1977086156761448580)  2025-10-11T18:57Z 43.9K followers, 206.4K engagements


"Drop the "private." Just say "credit." Its cleaner"  
[X Link](https://x.com/anyuser/status/1928154624994758876)  2025-05-29T18:21Z 43.9K followers, 74.4K engagements


"MD eating lunch with the analysts as a "team building" exercise:"  
[X Link](https://x.com/anyuser/status/1858208619101036982)  2024-11-17T18:00Z 43.9K followers, 71.4K engagements


"Apollo shorted First Brands debt before its $10B+ collapse Now Apollo (along with Sona Axebrook) shorting Adler Pelzer another auto-parts supplier 18% of bonds out on loan; bonds: [--] - [--] cents When Apollo keeps shorting your sector pay attention"  
[X Link](https://x.com/anyuser/status/1979210046996152488)  2025-10-17T15:37Z 43.9K followers, 195.4K engagements


"Blue Owl's solution to rising redemptions: Step 1: Block redemptions in $1B retail fund Step 2: Force merger with fund trading 20% below NAV Step 3: Investors take 20% loss lose redemption rights permanently Step 4: CFO calls it a "no-brainer at [--] cents" Redemptions climbed to 6% of NAV in Q3 So they eliminated redemptions entirely Problem solved"  
[X Link](https://x.com/anyuser/status/1990160509434466371)  2025-11-16T20:50Z 43.9K followers, 370.9K engagements


"Things you say when your credit business is 6x the size of your PE business:"  
[X Link](https://x.com/anyuser/status/1905273514359177293)  2025-03-27T14:59Z 42.7K followers, 78.9K engagements


"Banks warning about private credit quality while funding its growth: Wells Fargo: $60B lent to private credit BofA: $33B PNC: $30B JPM: $22B Total: Nearly $300B Cant raise alarms about cockroaches when youre the one feeding them"  
[X Link](https://x.com/anyuser/status/1981138117072736358)  2025-10-22T23:18Z 43.9K followers, 104.3K engagements


"KKR: The future of credit is bundling everything together Market: Isnt that just CDOs KKR: No no these are diversified multi-asset solutions"  
[X Link](https://x.com/anyuser/status/1887540387239096361)  2025-02-06T16:34Z 43.9K followers, 79.5K engagements


"Soho House really said 'no finance bros' then immediately called Apollo when they needed $2.7B to be taken private. Rules are more like guidelines $SHCO"  
[X Link](https://x.com/anyuser/status/1957432420950565262)  2025-08-18T13:20Z 43.9K followers, 89.8K engagements


"Distressed investors be like:"  
[X Link](https://x.com/anyuser/status/1507356309594718210)  2022-03-25T13:58Z 43.9K followers, [----] engagements


"2020: PE firms hire banks for debt deals 2023: PE firms become banks 2025: PE firms underwrite their own deals 2027: PE firms rate their own credit The circle of fees is complete"  
[X Link](https://x.com/anyuser/status/1971271531784499267)  2025-09-25T17:52Z 43.9K followers, 49.7K engagements


"Apollo's Slok just dropped a bomb: The Trade Reset Recession is coming and nobody's pricing it in 🧵"  
[X Link](https://x.com/anyuser/status/1916552149200236673)  2025-04-27T17:56Z 43.9K followers, 214.1K engagements


"Can't believe it's been [--] years already. RIP #LIBOR. SOFR doesn't hit the same"  
[X Link](https://x.com/anyuser/status/1939782090486100251)  2025-06-30T20:24Z 43.9K followers, 55K engagements


"Times Person of the Year [----] just got updated"  
[X Link](https://x.com/anyuser/status/1735024410707259570)  2023-12-13T19:50Z 43.9K followers, 104.4K engagements


"KKR/Capital Group cracking open private credit for retail: - $1000 minimum investment - 0.84% fees (no performance fees) - 40% private credit allocation Just don't ask about the liquidity mismatch"  
[X Link](https://x.com/anyuser/status/1915854542719119705)  2025-04-25T19:44Z 43.9K followers, 187.9K engagements


"The analyst at Egan-Jones who just rated your 9x levered HVAC roll-up BBB:"  
[X Link](https://x.com/anyuser/status/1930013388295286801)  2025-06-03T21:27Z 43.9K followers, 60.4K engagements


"Totally accurate risk assessment😅"  
[X Link](https://x.com/anyuser/status/1898447057108566149)  2025-03-08T18:53Z 43.9K followers, 528.4K engagements


"CalPERS buying Yale secondaries at [--] cents and immediately finding $100M in hidden value (Circle) Ocassionally pension funds are the smart money Source: Semafor"  
[X Link](https://x.com/anyuser/status/1945195521527759278)  2025-07-15T18:55Z 43.9K followers, 120.5K engagements


"Insurance companies in 2015: We only buy investment grade bonds Insurance companies in 2025: Actually lets put 43% in private credit and see what happens"  
[X Link](https://x.com/anyuser/status/1879550292963754246)  2025-01-15T15:24Z 43.9K followers, 103.7K engagements


"You need to read Bloomberg's investigation into Egan-Jones ratings ASAP. This private credit story is insane:"  
[X Link](https://x.com/anyuser/status/1929289634137149794)  2025-06-01T21:31Z 43.9K followers, 130.6K engagements


"Private credit in a nutshell:"  
[X Link](https://x.com/anyuser/status/1877220844637659474)  2025-01-09T05:08Z 43.3K followers, 90.9K engagements


"Management just said "liquidity remains strong" with the revolver fully drawn"  
[X Link](https://x.com/anyuser/status/1961826475356700746)  2025-08-30T16:20Z 43.9K followers, 61.8K engagements


"Everyone talks about the Tiger Cubs but Drexel alumni created: - Apollo ($630B AUM) - Ares ($419B) - Blackstone Credit / GSO ($320B) - And a dozen more The OG credit mafia"  
[X Link](https://x.com/anyuser/status/1915851106703310936)  2025-04-25T19:31Z 43.9K followers, 68.5K engagements


"Listening to management explain why fully drawing the revolver is "purely precautionary""  
[X Link](https://x.com/junkbondinvest/status/1943421499605684511)  2025-07-10T21:26Z 43.3K followers, 47.4K engagements


"1/ Everyone obsessing over $MSTR's 200%+ premium to NAV seems to be missing the point. Even smart investors are underestimating what's happening here"  
[X Link](https://x.com/anyuser/status/1859055662002495759)  2024-11-20T02:06Z 43.9K followers, 385.1K engagements


"Direct lender realizing their 9x-levered illiquid pref is now sitting in a janitors 401k"  
[X Link](https://x.com/junkbondinvest/status/1945293718715588881)  2025-07-16T01:25Z 43.3K followers, 63.4K engagements


"This is purely coincidental hiring. Nothing to see here folks"  
[X Link](https://x.com/anyuser/status/1899969239068340687)  2025-03-12T23:42Z 43.9K followers, 77.2K engagements


"Apollo says [--] cents. KKR says [--] cents. Same loan. Same company. Same quarter. Fourteen point gap on Medallia debt. Record spread for private credit. Illiquidity premium includes the premium of making up your own price"  
[X Link](https://x.com/anyuser/status/1989014077146890456)  2025-11-13T16:54Z 43.9K followers, 175.2K engagements


"Can you turn the lights down I want to show you something"  
[X Link](https://x.com/anyuser/status/1925675684430545390)  2025-05-22T22:10Z 43.9K followers, 102.1K engagements


"Bloomberg terminal: For trading securities and apparently gently used Arcteryx vests ($150 OBO)"  
[X Link](https://x.com/anyuser/status/1901810787582140739)  2025-03-18T01:40Z 43.9K followers, 90.7K engagements


"Never forget Trump once issued secured bonds at 18.625% The OG high yield issuer"  
[X Link](https://x.com/anyuser/status/1879956809844212141)  2025-01-16T18:20Z 43.9K followers, 99.9K engagements


"Associate explaining why they accepted all of the sponsors EBITDA add-backs even though half are clearly accounting fraud:"  
[X Link](https://x.com/anyuser/status/1900294474821214665)  2025-03-13T21:14Z 43.9K followers, 55.8K engagements


"Thoma Bravo raises $3.6bn credit fund "focused on enterprise software" Translation: We're going to lend to our own portfolio companies"  
[X Link](https://x.com/anyuser/status/1881824958181244996)  2025-01-21T22:03Z 43.9K followers, 56.2K engagements


"Private credit just got a new entrant"  
[X Link](https://x.com/anyuser/status/1973503830169100615)  2025-10-01T21:42Z 43.9K followers, 48.1K engagements


"After copying Yale for [--] years endowment returns all converging to 8-10%. The alpha disappeared when everyone had the same strategy"  
[X Link](https://x.com/anyuser/status/1962846183925092449)  2025-09-02T11:52Z 43.9K followers, 83K engagements


"Apollo: What if we made private credit. public Innovation finds a way"  
[X Link](https://x.com/anyuser/status/1887212086796706216)  2025-02-05T18:49Z 43.9K followers, 347.8K engagements


"Private credits pitch: We're not banks we just do exactly what banks do with less oversight Now managing $3.4 trillion👇"  
[X Link](https://x.com/anyuser/status/1878826343699214464)  2025-01-13T15:28Z 43.9K followers, 107.2K engagements


"No no no forget the docs. The sponsors a relationship. Thats the collateral"  
[X Link](https://x.com/anyuser/status/1948889133071696247)  2025-07-25T23:32Z 43.9K followers, 43.5K engagements


"Nice friendly exchange between $PSEC's CEO and a WFC research analyst on today's earnings call 😅🤣"  
[X Link](https://x.com/junkbondinvest/status/1829168359797317649)  2024-08-29T14:44Z 43.9K followers, 257.8K engagements


"The headline we've all been waiting for"  
[X Link](https://x.com/anyuser/status/1882885830035083325)  2025-01-24T20:18Z 43.9K followers, 247.6K engagements


"Private credit in a nutshell 😂"  
[X Link](https://x.com/anyuser/status/1866875700004741221)  2024-12-11T16:00Z 43.9K followers, 69.8K engagements


"Brookfield and Apollo both saying PE is massively oversaturated: [----] firms or [----] too many "Many don't realize they just raised their last fund" Hate to say it but they're probably right"  
[X Link](https://x.com/anyuser/status/1971574070287450343)  2025-09-26T13:54Z 43.9K followers, 171.2K engagements


"Private credit showing 81% historical correlation to leveraged loans. But dont worry its definitely safer because they do more diligence and know the borrowers better"  
[X Link](https://x.com/anyuser/status/1978121449647878154)  2025-10-14T15:31Z 43.9K followers, 51.1K engagements


"Had a few drinks and started writing a piece on private credit. Lol"  
[X Link](https://x.com/anyuser/status/1885810530515865669)  2025-02-01T22:00Z 43.3K followers, 85.8K engagements


"Here's why people like buying the long end of the treasury curve. Take $TLT for example If long term yields widen out to 5% your loss is -11% However if LT yields tighten to 3% you stand to gain 26% This is just in terms of price appreciation (i.e. excluding coupon) Notice the skewed upside/downside in the trade"  
[X Link](https://x.com/anyuser/status/1688268184850235392)  2023-08-06T19:17Z 43.9K followers, 473.1K engagements


"Private credit lender introduces the concept of "PIK" interest to mid-market merchant (November 2023). #GoldenAge #PrivateDebt"  
[X Link](https://x.com/anyuser/status/1738237160115876229)  2023-12-22T16:36Z 43.9K followers, 83.2K engagements


"Software credit analyst realizing that change in deferred revenue is now a negative add back to EBITDA:"  
[X Link](https://x.com/anyuser/status/1906105368901493002)  2025-03-29T22:05Z 43.9K followers, 112.4K engagements


"Me listening to the sponsor say theyre committed to deleveraging after paying themselves a $100mm dividend"  
[X Link](https://x.com/anyuser/status/1922653446634627366)  2025-05-14T14:01Z 43.9K followers, 38.1K engagements


"Apollos raising $10 billion by creating an SPV that owns stakes in funds that own loans that are probably owned by other funds. Its fees all the way down and the bottom is your pension"  
[X Link](https://x.com/anyuser/status/1968733611240100051)  2025-09-18T17:47Z 43.9K followers, 216.4K engagements


"Is #Lego serious with this sh*t Lmao #GoldenAge"  
[X Link](https://x.com/anyuser/status/1736379889693962710)  2023-12-17T13:36Z 43.9K followers, 96K engagements


"PE firms invented continuation vehicles because they couldnt exit Now theyre doing continuation vehicles OF continuation vehicles Cant make this up"  
[X Link](https://x.com/anyuser/status/1955631568346611887)  2025-08-13T14:04Z 43.9K followers, 85.7K engagements


"IB staffer doing a 8pm bullpen lap to check which analysts are still there:"  
[X Link](https://x.com/anyuser/status/1834410159721820468)  2024-09-13T01:53Z 43.9K followers, 75K engagements


"JPMorgan M&A masterclass: - Buy company for $175M (based on fake data) - Pay $115M to defend sellers who defrauded you (merger agreement says you have to) - Get $0 back (she pays 10% of income for [--] years post-prison) JPM got a very expensive lesson in due diligence"  
[X Link](https://x.com/anyuser/status/1975611368507392462)  2025-10-07T17:17Z 43.9K followers, 64.9K engagements


"CFA offering new advanced PE certificate with courses on "private debt valuation" For $712 (member rate) you can learn how to creatively mark dead assets at cost"  
[X Link](https://x.com/anyuser/status/1917277536100266016)  2025-04-29T17:59Z 43.9K followers, 83.9K engagements


"$355 million in bankruptcy fees for a turnaround that lasted a measly [--] months is absolutely grotesque Lawyers extracted more value than the entire restructuring created"  
[X Link](https://x.com/anyuser/status/1922442329857691724)  2025-05-14T00:02Z 43.9K followers, 59.3K engagements


"Tariffs obliterating markets but my private credit positions showing remarkable stability Quarterly valuations are a lifestyle choice"  
[X Link](https://x.com/anyuser/status/1907804864995869044)  2025-04-03T14:38Z 43.9K followers, 43.7K engagements


"$30 billion in private credit CLOs already this year surpassing last years pace Were packaging illiquid private loans into tradable securities at the fastest pace ever seen The last time we packaged illiquid loans into securities THIS enthusiastically we needed a global bailout. But these are different These are private credit loans not mortgages"  
[X Link](https://x.com/anyuser/status/1970996916314857962)  2025-09-24T23:40Z 43.9K followers, 72.8K engagements


"IMF on private credit: 40% of borrowers have negative cash flow up from 25% in [----]. 25% of income from deferred interest. Meanwhile banks have $500bn exposure to the sector"  
[X Link](https://x.com/anyuser/status/1916223033750028500)  2025-04-26T20:09Z 43.9K followers, 174.2K engagements


"PE blocking every LP attempt to actually get their money back"  
[X Link](https://x.com/anyuser/status/1963335307543326852)  2025-09-03T20:16Z 43.9K followers, 33.6K engagements


"PE firms are now credit firms Apollo: 82% of AUM is credit ($723B) Ares: 72% credit ($391B) PE down to 5% from 9% Blackstone: Credit now 33% vs PE at 31% Successful pivot from financial engineering to financing the real economy"  
[X Link](https://x.com/anyuser/status/1990867169467355603)  2025-11-18T19:38Z 43.9K followers, 74.7K engagements


"In a recession everyone becomes a credit analyst The mandatory career pivot no one asks for"  
[X Link](https://x.com/anyuser/status/1909731916351144154)  2025-04-08T22:15Z 43.9K followers, 49.1K engagements


"Blue Owl funds taking [--] of the top [--] spots for PIK interest is a strategy of some kind"  
[X Link](https://x.com/anyuser/status/1894799107849626033)  2025-02-26T17:18Z 43.9K followers, 95.3K engagements


"PE firms discovered the cheat code: Step 1: Buy life insurer Step 2: Use premiums to fund your deals Step 3: Reinsure everything in Bermuda Step 4: Profit Berkshire walked so sponsors could run"  
[X Link](https://x.com/anyuser/status/1939725432577785975)  2025-06-30T16:39Z 43.9K followers, 51.6K engagements


"Private credit default evolution according to Fitch: January: 5.0% February: 5.7% Nothing to see here folks"  
[X Link](https://x.com/anyuser/status/1902744240012046342)  2025-03-20T15:29Z 43.9K followers, 61.5K engagements


"Me reading the EBITDA bridge and seeing nonrecurring freight headwinds listed for the third year in a row"  
[X Link](https://x.com/junkbondinvest/status/1922298429406888156)  2025-05-13T14:30Z 43.3K followers, 37.7K engagements


"Guys I warned you on $META. Notice how $AMZN's distressed bonds (trading in the 60s) didn't buy into January's stock rally Remember credit guys are the smartest guys in the room. #FactsOverFeelings"  
[X Link](https://x.com/anyuser/status/1621527113927909377)  2023-02-03T15:12Z 43.9K followers, 193K engagements

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