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Alec Raggio's avatar

Scariest investments right now are broken operators sourcing $ for OpCo level funds that aren’t collateralized by any single asset.

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David L. Banks's avatar

Excellent writeup! Especially: higher on the capital stack ≠ safe investment I have spoken to people who are chasing PREF Equity "opportunities" thinking they are "safe". Leyla's writeup, applied properly, probably eliminates most of the deals us LPs are seeing. Also, I wonder if the institutional pref equity firms see the better quality deals vs. an LP such as myself who gets a deal forwarded to their mailbox?

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Leyla Kunimoto's avatar

There are great pref equity funds (some of them do not work with retail investors)

I’ll do a case study on one one of those to compare

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TNTowanda's avatar

Would love to read this!

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Carrie's avatar

Really good breakdown that anyone should be able to understand before they send one dollar to these deals. I think I have six in my inbox right now.

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