CRE trends, private credit risks, and the discounts GPs would accept in private equity
Watch the trending (several years by quarters) for watch list, default rates, PIK, cash coverage of dividends and compare them to the other top 50 BDCs (Cliffwater's data). Only invest in those that are historically and now in the top 20%
Watch the trending (several years by quarters) for watch list, default rates, PIK, cash coverage of dividends and compare them to the other top 50 BDCs (Cliffwater's data). Only invest in those that are historically and now in the top 20%