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

Concerns are growing about the private credit market, with warnings that it may be showing similar red flags to the junk bond market of the past. Investors are pouring money into private credit funds, but some are questioning the safety and liquidity of these investments. Several high-profile cases, including the collapse of First Brands, have raised concerns about the sector's risk and potential for widespread defaults.

### Engagements: XXXXXX [#](/creator/twitter::1094621743191347201/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1094621743191347201/c:line/m:interactions.svg)

- X Week XXXXXXX -XXXX%
- X Month XXXXXXXXX +181%
- X Months XXXXXXXXX +7.50%
- X Year XXXXXXXXXX +280%

### Mentions: XX [#](/creator/twitter::1094621743191347201/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1094621743191347201/c:line/m:posts_active.svg)

- X Week XX +19%
- X Month XXX +39%
- X Months XXX +20%
- X Year XXXXX +198%

### Followers: XXXXXX [#](/creator/twitter::1094621743191347201/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1094621743191347201/c:line/m:followers.svg)

- X Week XXXXXX +1.90%
- X Month XXXXXX +7%
- X Months XXXXXX +24%
- X Year XXXXXX +65%

### CreatorRank: XXXXXXX [#](/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 [#](/creator/twitter::1094621743191347201/influence)
---

**Social category influence**
[finance](/list/finance)  [stocks](/list/stocks)  [countries](/list/countries)  [cryptocurrencies](/list/cryptocurrencies) 

**Social topic influence**
[debt](/topic/debt) #1007, [money](/topic/money), [brands](/topic/brands) #123, [$23b](/topic/$23b) #24, [$ea](/topic/$ea), [private equity](/topic/private-equity) #169, [marks](/topic/marks) #261, [$12b](/topic/$12b) #36, [stocks](/topic/stocks), [$whr](/topic/$whr) #7

**Top assets mentioned**
[Electronic Arts Inc. (EA)](/topic/$ea) [Whirlpool Corporation (WHR)](/topic/$whr) [JPMorgan Chase (JPM)](/topic/$jpm) [BlackRock Inc (BLK)](/topic/blackrock) [FIVE9, INC. (FIVN)](/topic/$fivn) [Apollo Global Management, Inc. (APO)](/topic/$apo) [Brookfield Corporation (BN)](/topic/$bn) [KKR & Co, Inc. (KKR)](/topic/$kkr) [Blackstone, Inc. (BX)](/topic/$bx) [Morgan Stanley (MS)](/topic/morgan-stanley) [DoorDash, Inc. (DASH)](/topic/doordash) [FUNtoken (FUN)](/topic/$fun)
### Top Social Posts [#](/creator/twitter::1094621743191347201/posts)
---
Top posts by engagements in the last XX hours

"JPMorgan's $20B debt commitment to the EA buyout is the largest single-bank LBO commitment EVER Banks finally beat private credit to a mega-deal while CLOs starve for new paper Sometimes the old guard still wins $JPM $EA"  
[X Link](https://x.com/junkbondinvest/status/1972825432975442308) [@junkbondinvest](/creator/x/junkbondinvest) 2025-09-30T00:46Z 38.5K followers, 49.5K engagements


"Jefferies on First Brands: The good news: Direct losses appear to be limited to $50M (est.) The bad news: You were their banker for 10+ years The worse news: $2.3B allegedly vanished The worst news: Every potential client now knows this Sometimes being the go-to bank for risky credits has consequences"  
[X Link](https://x.com/junkbondinvest/status/1976330840406954444) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-09T16:56Z 38.5K followers, 50.3K engagements


"Institutions spent decade loading up on private equity and credit Now Blackstone launches dedicated unit for retail 401ks Classic distribution sequence: sophisticated money goes first retail gets access at maturity"  
[X Link](https://x.com/junkbondinvest/status/1978578039244988574) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-15T21:45Z 38.5K followers, 14.7K engagements


"Just realized were sharing collateral"  
[X Link](https://x.com/junkbondinvest/status/1979269770840281094) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-17T19:34Z 38.5K followers, 17.6K engagements


"Can't exit PE portfolios Flee to private credit Can't get distributions Flee to private credit Can't justify 2+20 Flee to private credit The solution to everything is. private credit"  
[X Link](https://x.com/junkbondinvest/status/1935061608859890164) [@junkbondinvest](/creator/x/junkbondinvest) 2025-06-17T19:46Z 38.6K followers, 24.3K 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/junkbondinvest/status/1977794585536442733) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-13T17:52Z 38.6K followers, 156.7K engagements


"Private equity exit dynamics: 2019: XX% of exits sold to other PE firms 2025: XX% PE-to-PE When your industry stops buying from itself the exit queue grows. Source: FT"  
[X Link](https://x.com/junkbondinvest/status/1978118499760222231) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-14T15:19Z 38.6K followers, 41.2K engagements


"Private credit showing XX% 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/junkbondinvest/status/1978121449647878154) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-14T15:31Z 38.6K followers, 47.9K engagements


"Apollo: Default rates for HY bonds and loans have peaked and are coming down Three reasons: Trade war clarity AI boom industrial renaissance Meanwhile BDCs trading at multi-year lows"  
[X Link](https://x.com/junkbondinvest/status/1980016251628863632) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-19T21:00Z 38.6K followers, 15.8K engagements


"Brightline secured debt now in the 40s At least the trains look nice.😅"  
[X Link](https://x.com/junkbondinvest/status/1974996760004300931) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-06T00:34Z 38.5K followers, 31K engagements


"CLOs after the First Brands site visit. Everything looked fine"  
[X Link](https://x.com/junkbondinvest/status/1978625765819269439) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-16T00:55Z 38.5K followers, 12.4K engagements


"Five9 is a $2B call center company praying AI doesnt kill them. $FIVN"  
[X Link](https://x.com/junkbondinvest/status/1957978304255787299) [@junkbondinvest](/creator/x/junkbondinvest) 2025-08-20T01:29Z 38.5K followers, 18.3K engagements


"Secondaries marketed as "liquidity solution" while keeping everything in private markets. The liquidity is just changing which PE fund owns it"  
[X Link](https://x.com/junkbondinvest/status/1958235364205670705) [@junkbondinvest](/creator/x/junkbondinvest) 2025-08-20T18:31Z 38.5K followers, 6957 engagements


"CLOs reviewing their exposure to First Brands"  
[X Link](https://x.com/junkbondinvest/status/1974508836406067577) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-04T16:16Z 38.5K followers, 17.4K engagements


"Reading First Brands org chart be like:"  
[X Link](https://x.com/junkbondinvest/status/1976320645513543777) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-09T16:15Z 38.5K followers, 18.4K engagements


"Retail investors added $100B to private credit funds over the past year bringing the total to $213B. Meanwhile BCRED cut its dividend 9%. Major bankruptcies showing hidden exposures. Apollo Ares Blue Owl stocks all down. The money comes in right as the problems show up. Every single time"  
[X Link](https://x.com/junkbondinvest/status/1977401788744806472) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-12T15:51Z 38.5K followers, 79.9K engagements


"2025 PE deal dynamics: Deal count: -X% y/y Deal value: +19% y/y Deals over $1B: XX% of activity The strategy: Fewer but larger transactions The middle market continues to die quietly"  
[X Link](https://x.com/junkbondinvest/status/1977859802966487373) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-13T22:11Z 38.5K followers, 10.1K engagements


"What constitutes strong collateral at a company where $2.3B disappeared Same company that allegedly double-pledged receivables collected $1.9B without remitting and admitted not knowing if they received money"  
[X Link](https://x.com/junkbondinvest/status/1978525409781149946) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-15T18:16Z 38.5K followers, 7276 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/junkbondinvest/status/1881824958181244996) [@junkbondinvest](/creator/x/junkbondinvest) 2025-01-21T22:03Z 38.5K followers, 56.1K engagements


"Private credit's "totally stable" facade crumbling at first sign of trouble. 5-10% discounts just the appetizer Wait until real panic sets in and we see what "90-95 cents" actually means"  
[X Link](https://x.com/junkbondinvest/status/1910411107170140362) [@junkbondinvest](/creator/x/junkbondinvest) 2025-04-10T19:14Z 38.6K followers, 34.1K engagements


"JPMorgan paid $175M for Frank after due diligence that: - Missed X MILLION fake users - Thought BofA was bidding (nope CapOne withdrew same day) - Email blast to "millions of users" yielded XX accounts Peak institutional DD"  
[X Link](https://x.com/junkbondinvest/status/1972826801073504663) [@junkbondinvest](/creator/x/junkbondinvest) 2025-09-30T00:52Z 38.6K followers, 131.6K engagements


"Finance a depreciating asset with minimal down payment over X years at high rates Be shocked when its underwater within XX months Apparently this surprises people"  
[X Link](https://x.com/junkbondinvest/status/1978876340230041638) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-16T17:30Z 38.6K followers, 10.1K engagements


"EA buyout will be largest LBO ever at $48.4B Notice that half of the top XX LBOs were done in 2007 (TXU Equity Office First Data Kinder Morgan) Sometimes the record deals happen at exactly the wrong time Source: Bloomberg"  
[X Link](https://x.com/junkbondinvest/status/1978889959864992154) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-16T18:25Z 38.5K followers, 18.2K 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: -XX% $WHR"  
[X Link](https://x.com/junkbondinvest/status/1949940672519164326) [@junkbondinvest](/creator/x/junkbondinvest) 2025-07-28T21:10Z 38.6K followers, 25.4K engagements


"REITs in July 2025: Hotels XX% discount to NAV healthcare XX% above Avoid travel embrace aging 🤝 Source: S&P"  
[X Link](https://x.com/junkbondinvest/status/1952779988257681582) [@junkbondinvest](/creator/x/junkbondinvest) 2025-08-05T17:13Z 38.6K followers, 10.4K 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/junkbondinvest/status/1971271531784499267) [@junkbondinvest](/creator/x/junkbondinvest) 2025-09-25T17:52Z 38.6K followers, 49.6K engagements


"Public IG bond ETF: +8.1% YTD BDC ETF: -XXX% YTD Getting paid extra to lend to middle-market companies is going great"  
[X Link](https://x.com/junkbondinvest/status/1974972550494196221) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-05T22:58Z 38.6K followers, 23.6K engagements


"The progression from financial reporting irregularities to $XXX billion simply vanished to we dont know if we received $XXX billion happened in under XX days. This is what robust underwriting discipline looks like"  
[X Link](https://x.com/junkbondinvest/status/1976319208691785853) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-09T16:09Z 38.6K followers, 23.6K engagements


"PIK toggle activity: All-time highs Can't pay interest - Just owe more money instead This is what "high quality underwriting" looks like apparently"  
[X Link](https://x.com/junkbondinvest/status/1978587369906340304) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-15T22:22Z 38.6K followers, 54.5K engagements


"Whirlpool pivoting from appliance manufacturer to tariff enforcement whistleblower is exactly the kind of innovation Ive come to expect $WHR"  
[X Link](https://x.com/junkbondinvest/status/1967628466813390997) [@junkbondinvest](/creator/x/junkbondinvest) 2025-09-15T16:35Z 38.6K followers, 10.3K engagements


"Blue Owl's tech BDC has XX% of their portfolio in PIK where companies pay you with more IOUs instead of cash. Their defense These are "good PIKs" not "bad PIKs." Source: FT"  
[X Link](https://x.com/junkbondinvest/status/1969084451800875098) [@junkbondinvest](/creator/x/junkbondinvest) 2025-09-19T17:01Z 38.6K followers, 43.2K engagements


"Public markets up double digits. Your PE fund flat. Youre stuck defending a 7x levered HVAC roll-up. And still have X years left on lockup"  
[X Link](https://x.com/junkbondinvest/status/1970989845045784939) [@junkbondinvest](/creator/x/junkbondinvest) 2025-09-24T23:12Z 38.6K followers, 103.1K engagements


"Democratize access to alternative investments Democratization = selling illiquid high-fee products to people who cant evaluate them right when institutional money is cautious. If PE is such great opportunity institutional allocators would be increasing commitments. Theyre not. So pivot to retail under democratization banner"  
[X Link](https://x.com/junkbondinvest/status/1974570604507386050) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-04T20:21Z 38.6K followers, 18.9K engagements


"BDO borrowed $1.3B from Apollo at X% 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/junkbondinvest/status/1977086156761448580) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-11T18:57Z 38.6K followers, 203.6K engagements


"Jefferies: Exposure limited to $45M readily absorbable Same weekend: Morgan Stanley requesting redemption from Point Bonita When mgmt says limited and investors head for exits the exposure concern is contagion not direct"  
[X Link](https://x.com/junkbondinvest/status/1977724547638968432) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-13T13:14Z 38.6K followers, 28.9K engagements


"PE firms this year: Can't find good software deals (AI disruption) Can't invest in healthcare (regulatory nightmare) Can't do industrials (tariffs) What's left Pizza. Always pizza. $PZZA"  
[X Link](https://x.com/junkbondinvest/status/1978222770182861010) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-14T22:13Z 38.6K followers, 26.4K engagements


"Every single red flag was visible before First Brands raised $12B: ✗ String of bankruptcies in 2000s ✗ Multiple fraud allegations ✗ Professionally scrubbed internet presence ✗ Margins far exceeded competitors They lent billions anyway Must read article by @BondHack @EricGPlatt"  
[X Link](https://x.com/junkbondinvest/status/1978605602671595562) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-15T23:35Z 38.6K followers, 25K engagements


"Universities are worried about PE entering college sports and changing financial incentives. Penn State just committed $XX million to a coaching buyout. The financial incentives already changed"  
[X Link](https://x.com/junkbondinvest/status/1978826819403923841) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-16T14:14Z 38.6K followers, 7853 engagements


"777 Partners raised hundreds of millions from "sophisticated" lenders allegedly using: - Fake financial statements ✓ - Inflated assets ✓ - Collateral pledged to multiple lenders ✓ - Assets that didn't exist ✓ Founder charged with $500M fraud CFO already cooperating Asset-backed is only as good as asset verification. Guess nobody verified"  
[X Link](https://x.com/junkbondinvest/status/1979033110734848334) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-17T03:53Z 38.6K followers, 63.6K engagements


"Apollo shorted First Brands debt before its $10B+ collapse Now Apollo (along with Sona Axebrook) shorting Adler Pelzer another auto-parts supplier XX% of bonds out on loan; bonds: XX - XX cents When Apollo keeps shorting your sector pay attention"  
[X Link](https://x.com/junkbondinvest/status/1979210046996152488) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-17T15:37Z 38.6K followers, 192.9K engagements


"Car loans used to be the safest bet in consumer credit because people always needed a car (you cant get to work without it) XX years later delinquencies up 50%+ now riskier than credit cards The sector contagion makes sense now"  
[X Link](https://x.com/junkbondinvest/status/1979271154956398753) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-17T19:39Z 38.6K followers, 28.5K engagements


"Who remembers when Vice Media was worth $XXX billion and everyone thought they'd figured out the future of journalism X years later they filed for bankruptcy and sold for $350M Here's how it all fell apart:"  
[X Link](https://x.com/junkbondinvest/status/1979306458996183230) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-17T22:00Z 38.6K followers, 8670 engagements


"@LOGOinvestor Yes the illusion of "stability" = safety. Truly amazing indeed"  
[X Link](https://x.com/junkbondinvest/status/1979930564003004794) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-19T15:20Z 38.6K followers, XXX engagements


"Carlyle CEO just said the quiet part out loud: "Late cycle credit volatility should be on a worry list" Then added: "But nothing suggests things are crumbling" Pick which sentence to believe"  
[X Link](https://x.com/junkbondinvest/status/1980059851058545041) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-19T23:53Z 38.6K followers, 11.2K engagements


"Everyone: restaurants dying = weak consumer = recession coming That's what bears say. Casual dining traffic rolling over middle-income consumers eating out less. Except DoorDash sitting near 52-week highs. If consumer wallets were truly cracking discretionary delivery fees would collapse first. They haven't"  
[X Link](https://x.com/junkbondinvest/status/1980308943793799228) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-20T16:23Z 38.6K followers, 40.3K engagements


"Trigger warning: Private asset marketing material 🤭"  
[X Link](https://x.com/junkbondinvest/status/1980685203850031568) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-21T17:18Z 38.6K followers, 6441 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) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-10T18:05Z 38.6K followers, 120.9K engagements


"Dimon: "One cockroach means more cockroaches" Lipschultz: "Maybe the cockroaches are at JPMorgan. This is syndicated market problems." Meanwhile the stock market has opinions"  
[X Link](https://x.com/junkbondinvest/status/1978580769288175750) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-15T21:56Z 38.6K followers, 22.2K engagements


"While equity holders celebrate their XX% 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 XXX. Yet the bonds trade at XX an 11-point discount. Why is nobody arbitraging this gap Theres a catch:"  
[X Link](https://x.com/junkbondinvest/status/1978976308320154009) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-17T00:08Z 38.6K followers, 42.6K engagements


"The Most Interesting Trade in the $XX Billion $EA LBO:"  
[X Link](https://x.com/junkbondinvest/status/1978976736483123528) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-17T00:09Z 38.6K followers, 6465 engagements


"Tech companies need massive data centers. Dont want b/s debt. Private capital wants yield on long-dated infrastructure assets. Want the fees/recurring revenues. MS create SPVs solving both problems. The precedent means more of these deals coming"  
[X Link](https://x.com/junkbondinvest/status/1979206123744858426) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-17T15:21Z 38.6K followers, 15.6K engagements


"First Brands DIP budget show $134mm in restructuring fees in XX weeks. Thats $10mm+ per week in professional fees just to sort through this mess. Bankruptcy is expensive. Fraud bankruptcies are REALLY expensive"  
[X Link](https://x.com/junkbondinvest/status/1979276836392632437) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-17T20:02Z 38.6K followers, 92K engagements


"Public markets don't trust BDC valuations anymore Stocks now down to multi-year lows many below NAV Bond spreads up to April panic levels New issue concessions doubling Investors want to know: How much Tricolor How much First Brands What else"  
[X Link](https://x.com/junkbondinvest/status/1979592789525463515) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-18T16:57Z 38.6K followers, 31.3K engagements


"HY market last week: - XXX% China tariff announced (then walked back) - VIX spiked to highest since April - Government shutdown continues (no economic data) - Only X deals priced ($3.9B) Despite all this: HY spreads tightened XX bps to 293bps Risk assets shrugging off literally everything"  
[X Link](https://x.com/junkbondinvest/status/1980273710465519666) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-20T14:03Z 38.6K followers, 10.9K engagements


"Activist hedge funds used to hire consultants and industry experts Now they hire Travis Kelce Janas thesis: Better marketing customer experience modern tech Also: Kelce is Taylor Swifts fianc with 300M+ followers $FUN"  
[X Link](https://x.com/junkbondinvest/status/1980724342725177570) [@junkbondinvest](/creator/x/junkbondinvest) 2025-10-21T19:54Z 38.6K followers, 5266 engagements