On the topic of marking to market…
I’ve talked about the private equity and in particular private credit bubble, and how multiple PE funds have gated investors. Now we see the dolts running Harvard’s money are neck deep in this garbage. Not surprised, really.
The liquidity trap the poor suckers at Harvard (spineless pointy shoes) are facing is ultimately a forced mark-to-market event in slow motion.
Private equity funds have been able to paper over deteriorating portfolio valuations because the exit environment has been essentially closed. No IPOs, no strategics buying at 2021 multiples, no secondaries at par. As long as nothing trades, nothing…
Read the full article at ACTIVISTPOST.COM
