Are these PC secondary funds private in nature or will some be listed/public? Do we really need any more private credit funds at this point? Will this help out with LP liquidity or just kick the can?
Dawson funds are in the Billions rather than Millions. Apparently they have raised over $25Billion since their start 10 years ago. I have an invite into their latest offer on my desk but don’t plan to proceed myself.
Software was PE and Private Credit's darling. Many PE SaaS businesses acquired at 2021 multiples will become zombies or worked-out, with lack of buyers.
Are these PC secondary funds private in nature or will some be listed/public? Do we really need any more private credit funds at this point? Will this help out with LP liquidity or just kick the can?
Dawson funds are in the Billions rather than Millions. Apparently they have raised over $25Billion since their start 10 years ago. I have an invite into their latest offer on my desk but don’t plan to proceed myself.
Indeed! Typo corrected.
Software was PE and Private Credit's darling. Many PE SaaS businesses acquired at 2021 multiples will become zombies or worked-out, with lack of buyers.
https://substack.com/@nikolavukovic/note/c-209948892?r=ou7nh&utm_source=notes-share-action&utm_medium=web