Debt Markets
topic on 4 shows · 6 statements across 6 episodes
Acquired 
Capital Allocators 
TBPN 
20VC
6 statements about Debt Markets, every show
The lowest-cost fund provider will always win in debt and money markets
“The lowest cost provider will win in those markets.”
Coogan: Cash-rich giants must protect balance sheets from predatory co-borrowers
“If you have a lot of cash flow as a big company, if you have the ability to borrow billions or hundreds of billions in the debt market you have to protect your hen house. Foxes might come by and might want to use you to co-sign a loan.”
Feldman: Data center financing attracts capital markets by mimicking real estate bonds
“It has a structure that they really understand, right? It looks like a bond to them. It looks like a piece of real estate. You get a tenant. They pay rent every month. You can loan against that. You get an investment grade tenant. That's basically a bond. It h…”
Toomey: PE Managers Are Fully Equitizing Deals to Refinance Later
“We've seen managers essentially fully equitize their companies today. With the view that they're just going to refinance out in a better market instead of taking it as much or at the same level of debt that they've used.”
Marshall: Frozen debt markets will prevent private equity fund capital calls
“Even if your cashflow model is wrong on distributions, you're probably not going to get any capital calls anyway, because no one can really fund anything in the debt markets. So for the time being, it won't be a huge squeeze for people because there won't be a…”