Content — Letters & insights
Periodic letters on structured credit and agribusiness — how we read risk, design structures and find value where few are looking.
No spam. Only the firm’s letters.
When the market prices consensus, the premium migrates to those who originate and structure. A reading of where risk is mispriced.
Demand that does not disappear and real assets — what underpins the thesis of protein and perennial crops.
The firm’s philosophy behind every vehicle we design.