Mar. 12 at 11:27 AM
$OWL Tiptoeing back into the market after sitting on the sidelines this year. I have been watching the BDC's melt down the last 6 months and there are going to be some lifetime bargain buys paying double digit returns in this sector for your IRA. The momentum is about to pickup to the downside based on last nights news of more of the heavyweights gating their investors. This could get ugly as ENRON in some BDCs playing financial alchemy with their books hiding real losses. As Buffet said, when the tide goes out you see who is swimming naked.
Only researching now on finding those premium companies with minimal exposure (less than 10% better less than 5%) to SaaS investments who be the collateral damage and first to bounce back after the storm.
Initial candidates on the watchlist are
$SLRC $KBDC $CSWC all paying over 11% in dividends.
$OWL , managing
$307 billion in AUM is the whipping boy right now but the CEO claims less than 8% exposure to SaaS. Interesting?
https://www.cnbctv18.com/market/morgan-stanley-and-cliffwater-llc-caps-withdrawals-from-their-multibillion-dollar-private-credit-funds-ws-el-19866681.htm/amp
