That is how we should look for all investments.
I think my reader was wondering if there are unknown risks that were not brought to the surface for the Astrea bonds.
Personally I think its a bit mix. If we are investing in a PE bond, issue by a fund, whose objective is to invest in a portfolio of private companies, the risk is much higher.
There is a reason why the returns from Private Credit is higher than this 3.4%.
Here is the structure of the Astrea Capital 9:


Okay.. I am going to explain a little of this structure in my own words and I am likely not going to use the right words because my brain is fxxking taxed from trying to think around Universal Life Insurance (my research project for Providend) these few days. So I am not going to control my words.
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