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majority of their AUM is structured as PE/drawdown funds so comp overall should be lower than comparable HFs; they've invested a good majority of the II fund and probably looking to re-up on a 3rd fund launch. Not sure how they've performed but anecdotally I've been involved in two situations where we shut them out from a favorable financing opportunity and they got primed thus losing money (because they were not in the group of largest holders).

For what it's worth most credit funds are down -5 to -20% depending on how their hedge books performed so it's highly dependent on LP relationships/historical fund performance to prove they deserve new capital to invest during this period of distress.

 
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