Houston Principal John Sparacino was quoted in FundFire's article, "First Brands Bankruptcy Underlines Scope of Private Credit Exposure." The article describes the complexity of First Brands filing for bankruptcy and discusses the impact it could have on private credit investors moving forward. John comments on the issue that lenders are facing saying, "To the extent you don't have collateral, or your collateral has been commingled, or you can't locate it, or it's not worth anything, and you're now just an unsecured lender, your ability to control what happens and advocate for a healthy return on your position dramatically goes down."
The full article can be found here.
