SEC Chair Clayton Charges Santacon with Wire Fraud
Jay Clayton has charged Santacon with wire fraud. More tk at 11. "No matter how you dress it up, fraud is fraud." https://t.co/O5cDddX6ec
Law Firm Salaries so High, Can They Play Shortstop?
At these $ figures, my only question is can anyone at Kirkland or Latham in New York play short stop?
Apple’s Proprietary Chargers: Forced Lock‑in and Frequent Breakage
I HATE how Apple locks you into their own chargers, and then they break every three months.
Private Capital Disappointment Era Starts, Insurance Intrigue, Decision 2.0
In today’s @FT Due Diligence newsletter: Private capitals disappointment era begins. an insurance intrigue, and The Decision 2.0. https://t.co/I1NYRv0vZ4 https://t.co/3VhyHDtFkB
Credit Kids Pivot to Massive Cleanup Trade
Great read from @ameliajpollard and @EricGPlatt Opportunistic credit, distress, special sits and that flavor all sat at the credit kids table after direct lending took off in the mid 2010s Zirp era. Now, they see a massive trade to clean...
Apollo Seeks Southern HQ as Private Capital Shifts South
Big FT scoop: Apollo looks to the south for a second HQ im the U.S. South, where most of the private capital giants future growth will be housed. @sindap @ft https://t.co/Sa4G3yXZnL
Iran Damages Qatar's World‑largest LNG Plant
Iran inflicts ‘extensive damage’ on site of world’s largest LNG facility in Qatar https://t.co/UY9zOAW5bK via @ft
Activist Targets Keep Getting Re‑Targeted, Fortune Brands Example
It's amazing the recidivism rates among activist targets. Fortune Brands was one of the big activist breakups in the 2010s, everyone celebrated. Apparently, it needs another activist now. I guess what happened was like a bad home repair? https://t.co/zISRV2GETa
Trump's Spin‑off Could Turn Company Into Bitcoin, Nuclear Gamble
Trump is considering spinning off Truth Social, so now his company theoretically would be a Bitcoin stockpile (likely underwater) and the nuclear fission bet.
PE Shifts From Legend Deals to Low‑Margin Rollup Frenzy
PE in 2009: We tried to be legends but got jammed (Caesars, NXP, IntraWest) PE in 2026: Wheels are coming off our janitorial, car wash, dental clinic and gritty Glengarry glenross-esque insurance brokerage rollups. One fund spotlights PEs problems https://t.co/O0PB4vXT6T
Blue Owl’s Rise Marred by Internal Fractiousness
Blue Owl climbed quickly on Wall Street. One of its arms floated an idea to create a Mt Rushmore of private equity. But those pitched saw the firm’s own fractiousness as the plan’s big flaw. @EricGPlatt & I look at the...
Blue Owl Stops Retail Fund Redemptions, Opts for Asset Sales
Blue Owl is permanently halting redemptions at its inaugural non traded private credit fund for retail investors as part of a plan to instead sell down assets over time. With @EricGPlatt https://t.co/GmiIAdaLVK
