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Notes on Specialty Finance
Private Credit Is Not One Thing: What I See Inside the Commercial Receivables Lane
Most allocators who say they hold private credit hold direct lending. I work a different corner of the category. Short duration commercial receivables purchased under UCC Article 9 sits inside specialty finance and behaves nothing like a three to seven year corporate loan. Ali Barkhordar writes from Ultimate Business Capital in Sheridan Wyoming.
Jun 173 min read
What MFA's Latest Data Says About Private Credit's Economic Impact
A new data point on private credit caught my attention, and it's worth a closer look.
Jun 11 min read
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