Hi guys:
I've been reading that some firms are investing in bonds/debt of technology companies. I was wondering if any of you could tell us a bit more about this strategy - my very rudimentary understanding is that tech companies can be asset light - in that case, how does one think about investing in their debt esp. in distressed situations, or even just lending to them in general? What would you be evaluating?
Thanks!
Are the bonds distressed for these investments?
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