4 ms·
That doesn't surprise me at all, I've heard it's the same in private credit. I think a lot of the initial ground work that's done in due diligence and modelling
by davedx 2y ago
That doesn't surprise me at all, I've heard it's the same in private credit. I think a lot of the initial ground work that's done in due diligence and modelling is more to flush out any red flags than to inform the investment decision itself, and a model is only as good as its assumptions anyway...
- fakedang 2y agoSpot on. We used a bunch of screening processes to mine opportunities, then use models to weed out the duds, or to buttress our investment thesis before presentation to the MDs.