00:00Lukia it's basically the money that they're lending to private credit firms. They're saying your collateral that you have. We're
00:05not valuing it as much. Why are they making this decision and what's the impact of it. I think the
00:10the restrictions are basically made on loans for software companies where risk of AI has kind of made people very
00:19wary and has caused you know some of the funds to write down their assets. And I think in the
00:26wider context of what's happening that that doesn't really look great for private credit.
00:30Because it's facing a lot of stress right now left right and center and having JP Morgan say hey guys
00:35you know we're going to hold off a bit on how much money we're giving you even if it's just
00:41one bank. I think the optics of it are not great. Well where there's volatility there's also opportunity and you've
00:47been reporting on what Boaz Weinstein has been doing. Where is he picking up some of the fallen off pieces
00:51in the private credit world. So what he thinks is that there's going to be a lot of requests for
00:55indebtions and there's a lot of pockets of opportunity for him. As he told us he's
00:59he plans to buy pessimism and sell optimism at full price. So he's basically giving discounted offers to get investors
01:08out of the funds where the managers cannot honor the redemption requests.
Comments