3.5 M per year raise

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V turning into M 🤡

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Article text: Business-development companies may experience a painful correction going forward, according to Joshua Easterly, co-chief executive of publicly traded specialty finance company Sixth Street Specialty Lending, referring to direct lenders to midmarket companies. “Our view is that the market woke up to the reality that the sector has been allocating capital based on a backward-looking view of higher yields back in an elevated interest-rate environment,” Easterly said during an earnings call with analysts Wednesday for Sixth Street Specialty Lending, an affiliate of alternative-asset manager Sixth Street. In the short term, Sixth Street Specialty Lending expects to see dividend cuts by peers across the industry as net investment income falls, he said. “Long term, we believe downward pressure on BDC stocks will constrain further capital raising,” Easterly added. Shares of major publicly traded BDCs such as Ares Capital and Blue Owl Capital fell roughly 8.7% and 15%, respectively, from Jan. 3 through Tuesday. New York-listed Morgan Stanley Direct Lending Fund has fallen over 19% since the start of this year. However, shares of Sixth Street BDC rose about 5% over the same period. Further exacerbating the situation confronting these specialty nonbank lenders is the oversupply of capital in the private-credit market, said Easterly, who is stepping down at the end of this year. Robert Stanley will serve as co-CEO through this year and take over the top job from Easterly next year. Over the past quarter, competition for finance opportunities remained elevated, fueled by a persistent oversupply of capital, and that led to historically tight spreads in the liquid credit markets, Easterly added. The spread represents the difference between the lender’s cost of capital and what a borrower has to pay for a loan. Spread tightening occurs when falling interest rates narrow the gap between rates charged by BDCs for new loans and their capital costs. “With broadly syndicated loan spreads reaching their lowest level since the great financial crisis, borrowers have been active in refinancing into public markets to capture lower funding costs,” Easterly said of market conditions in recent months. Muted merger-and-acquisition activity has also led to sustained spread compression across the private-credit markets, Easterly said. “Looking ahead, we do not foresee a broad-based recovery in M&A activity in the near term,” he added. “We expect spreads to remain tight as the supply of capital continues to outpace demand.” Easterly’s view contrasts with those voiced by other BDC leaders in third-quarter earnings calls such as Ares Capital, controlled by credit-focused Ares Management. The Ares BDC reviewed more potential deals in September than in any previous month in 2025, said CEO Kort Schnabel, who also serves as co-head of U.S. direct lending for Ares Management’s credit group. “New-issue transaction volumes are returning to a more normalized pace, driven by greater clarity on tariffs and the direction of short-term interest rates,” Schnabel said.

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remember that joke about putting peanutbutter on your dick. well imagine peanut butter m&ms in your butt. it has a shell so it wouldn't melt right away.

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I got peanut butter m&Ms. It's the perfect peanut sludge candy

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Mandatory PSA: Set an amount like 1/3, or 1/2 of your money and do whatever with the rest. If you blow up the remainder, just stop. For the love of god, don’t be like those who make it all the way to the top, then ride it to 0. Take some money and get yourself something nice. Only then money becomes real- until then, it’s just numbers on a screen

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I don't understand this. Why are rumours about an Apple-Intel deal being taken seriously? What can Intel offer Apple at this point? Foundry capacity? > Apple supply chain analyst Ming-Chi Kuo today said Intel is expected to begin shipping Apple's lowest-end M-series chip as early as mid-2027 There is zero chance of that happening. **Zero.** There is no value proposition to Apple, and, incidentally, they literally posted a huge flag on their website a few months ago about [the formal discontinuation of x86 support in MacOS](https://developer.apple.com/documentation/apple-silicon/about-the-rosetta-translation-environment/) (via Rosetta): > macOS Tahoe will be the last release for Intel-based Mac computers. Those systems will continue to receive security updates for 3 years. > Rosetta was designed to make the transition to Apple silicon easier, and we plan to make it available for the next two major macOS releases – through macOS 27 – as a general-purpose tool for Intel apps to help developers complete the migration of their apps. Beyond this timeframe, we will keep a subset of Rosetta functionality aimed at supporting older unmaintained gaming titles, that rely on Intel-based frameworks. I'd short this but I can't beat the rumour mill.

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M~~eth~~arijuana -- not even once.

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Honestly, it's peak A&M to go 11-0 then fumble the bag.

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Fuking hilarious betting on the underdogs for my entire existence and the one time I bet on the project top team I get smoked. Fuck Texas a&m

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