Commercial Observer (June 1)
“For the illiquid world of private credit — which provides debt for commercial real estate projects -– and that of private equity, the recent upheaval in the U.S. regional banking sector and issues plaguing downtown office space has sparked questions surrounding the type of returns CRE can generate for investors. The primary question being: Is a golden moment possible in the darkest of times?”
Tags: Commercial real estate, Debt, Downtown, Illiquid, Office space, Plaguing, Private credit, Private equity, Regional banking, Returns, U.S., Upheaval
Financial Times (November 11)
The bankruptcy of “Sam Bankman-Fried’s business empire includes billions of dollars of illiquid venture capital investments… including exposure to Elon Musk’s SpaceX and Boring Company.” The giant sprawl of his “venture capital portfolio will add to the complexity of the insolvency proceedings, which itself includes more than 130 companies controlled by Bankman-Fried. FTX’s collapse is among the most dramatic failures in the crypto industry not just this year, but since the creation of bitcoin more than a decade ago.”
Tags: Bankman-Fried, Bankruptcy, Bitcoin more, Business empire, Complexity, Crypto, Exposure, Failure, FTX, Illiquid, Insolvency, Investments, Musk, SpaceX, Sprawl, VC
