Nick Nemeth (Mispriced Assets) Profile picture
Talking markets and building a SMID-cap fund. Unhedged views on stocks, economics, & crypto + everything else. Top 100 Finance Substack.
Mar 13 15 tweets 3 min read
Cliffwater told us to ask questions before making statements.

I've been asking. Nobody answers. So here's a thread.

What's good with these marks? $CCLFX $KCLF Note Issuer. Cliffwater created a structured vehicle. Placed it inside its own fund. Marked it at 100 cents on the dollar. $274 million.

No independent valuation disclosed.