The Redemption Panic: Why BDC Gates Aren’t Defaults Non-traded BDCs are gating withdrawals again. Having already lost money on retail private credit once, here’s how I read the headlines — and the three things that would actually worry me. The headlines vs. the data Every few weeks in 2026 another headline lands: a giant private-credit […]
How “Senior Secured” Became Subordinated Scraps A $15M “senior secured” loan to a class action law firm — how I lost $87,742 over 6.5 years This is the most expensive lesson in my portfolio, and the one I link back to most often, so I’ll put the takeaway up front: on a retail platform, the […]
The Extended Hold: A 16-Month Deal That Ran 45 How a 16-month small business lending deal stretched to 45 months — and still delivered 13%+ returns The Numbers Invested $70,000 Returned $87,032.77 Net Profit $17,032.77 MOIC 1.24x IRR 13.12% Target Term 16 months Actual Term 45 months The Investment In April 2018, YieldStreet launched Short […]
