So did Ken and Steve grab it at a discount to NAV? That was fast.
Guessing they will be investing at today’s eod NAV print, very hard to get it past existing investors otherwise.
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Idk considering how impaired the fund is investors might be happy with anything they can get
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Cit & P72 are getting a revenue share - probably better optics than a NAV discount
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It’s still an amazing trade (and obviously dilutive to existing investors, who are probably pissed as I very much doubt they got a chance to top up mid-month).
Thanks. Twitter will use this to make your timeline better. UndoUndo
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