Private Credit Waterfall?
Have a private credit / ABS related interview. Do you need to model waterfalls at all in a case study? I did not think you did and would be just UW the company and your IRR based on loan cash flows net of fees and expenses.
Have a private credit / ABS related interview. Do you need to model waterfalls at all in a case study? I did not think you did and would be just UW the company and your IRR based on loan cash flows net of fees and expenses.
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