jim impoco
8.9K posts
New from Hunterbrook and @bethanymac12: While private credit fills headlines, the risks of private equity have flown under the radar. Today, we dive into one of its giants: Hamilton Lane.
NEW: Lennar appears to have locked itself into paying billions in fees to Wall Street firms just to hold land it used to own. Those fees are recorded as assets — not expenses — on Lennar's balance sheet. But the bill is coming due. And it may rival $LEN’s profits.
BREAKING: RadNet no longer reporting key “same-center” revenue growth statistic — after Hunterbrook exposed its flaws.
NEW INVESTIGATION: Hercules Capital is the most software-exposed private lender of any meaningful size in America. 35% of the value of its loan portfolio — $1.5 billion, 70 cents for every dollar of NAV — is software. $HTGC also trades at the richest valuation in its class.
We dug into the permits for OpenAI's Stargate data center in Abilene, Texas. Buried on pages 42 and 43: 28 emergency backup generators powered by Baudouin — a French engine brand almost no one sells in America. Except Generac.
A $3.8B Thai petrochemical giant, Indorama Ventures, pledged to be a responsible neighbor after buying a major southeast Texas plant. Documents obtained by @hntrbrkmedia show the company exposed thousands to carcinogens, violated permits, and hid toxic leaks from regulators.
BREAKING: It’s not just Russia, DOJ records reviewed by @hntrbrkmedia show Ubiquiti networking, servers, and surveillance equipment were installed across Jeffrey Epstein’s private island before his arrest in 2019. $UI did not reply to repeated requests for comment.
NEW INVESTIGATION: Memphis Grizzlies owner Robert Pera's technology is powering Russia's drone war on Ukraine and is linked to what the UN calls "crimes against humanity," according to an undercover @hntrbrkmedia report.
NEW from @hntrbrkmedia: Equipment from the US tech giant Ubiquiti is a major enabler of the Russian army in Ukraine. We spend months infiltrating the Russian military's supply chain, unearthing military documents and other evidence that show how Russia relies on $UI equipment.
