Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
The Rabid Capitalist previously identified the end of the era of financial engineering-based private equity fund returns (see https://therabidcapitalist.com/2024/06/09/private-equity-admits-falling-returns/). This driver of investment returns cannot be relied upon in the future. General partners have launched efforts to improve their portfolio companies. Unfortunately, these time-consuming efforts cannot replicate private equity’s historic investment returns. This is good news for private credit investors, including our business development company portfolio (ARCC, CCAP, CSWC, FSK, MAIN, OBDC and OCSL).
Complete content is available for a $15 monthly subscription. Click here to subscribe:
The Rabid Capitalist 
Leave a comment