Alternative Access September 2019

4. Significantly Lower Barrier to Entry You can club in with us. I’m placing $100,000 from the proceeds of my mother’s estate into this for the very reasons I’ve explained here. That is also the minimum ticket size we’d like for our LPs to co-invest alongside us at for either tranche. The next tranches will probably have a higher minimum of around $500,000 to accommodate our larger families, who have investment minimums for fixed income alternatives here. Right now, we’re seeing what you, our investors, want — leverage or unleveraged — so we can plan future structures. 5. ERISA Eligible It costs a fortune to craft an IRS compliant structure that allows for ERISA accounts to participate. Over the years, I’ve seen Alan create the best legal structure I’ve encountered in any credit or debt fund. Three law firms and many dead brain cells later, Alan’s been able to create the correct legal structure that allows for SDIRAs to invest directly into a US fund via an offshore leverage blocker structure —which is usual for these types of deals — and with no effective connected income for tax-qualified plans to invest in debt fund. In fact, this is could be the consummate product to put into your SDIRA because if a special opportunity comes along (distressed, special situations) — and you know there will be in the future — you can reallocate into something else while not having to have sit on cash for an entire year or two, all while getting a current cash flowway above money market yields. We’re very proud to be working with Alan. His decades worth of wisdom has benefited me when I needed it most, and I invite you to join this special club we’ve created for you so you can benefit too. Just wait until you see the deal toys we have planned for you later! They are really cool looking, and they will impress your coworkers and friends. This opportunity is for investors who want liquidity within 12 months and are looking for 8% and above returns with ostensibly better risk levels, insurance, security, and liquidity than that of a CD or money market account. If you fit in this category of sophisticated investor, we look forward to having you co-invest alongside us. This will be an evergreen investment. We’ve designed it purposely with all of these rich features unrivaled in comparison as far as security, cash flow, liquidity and insurance. It’s also a perfect first investment for newer investors to gently get to know us better and see howwe work and get to appreciate our culture and our values. I can personally attest to the level of detail and granularities that Alan and his team have built — truly world-class.

Stratfor: War in the Middle East Becomes Increasingly Likely

The United States is sending additional forces to the Persian Gulf as Iran prepares and mobilizes its army. Together, these countries’ actions are significantly increasing the possibility of war. This should also affect insurance rates, which will soar. Pepe Escobar of Asian Times writes this: Oil derivative specialists know well that if the flow of energy in the Gulf is blocked, it could lead to the price of oil reaching $200 a barrel (actually $1,000 a barrel according to Goldman Sachs), or much higher over an extended period. Crashing the derivatives market would create an unprecedented global depression. Trump’s former Goldman Sachs’ treasury secretary Steve Mnuchin should know as much. A series of studies hit President Trump’s desk and caused panic in Washington. These showed that, in the case of the Strait of Hormuz being shut down, whatever the reason, Iran has the power to hammer the world financial system by causing global trade in derivatives to be blown apart. The Bank for International Settlements said last year that the “notional amount outstanding for derivatives contracts” was $542 trillion, although the gross market value was put at just $12.7 trillion. Others suggest it is $1.2 quadrillion or more. It all has to do with the Strait of Hormuz. Blocking the Strait could cut off oil and gas from Saudi Arabia, United Arab Emirates, Iraq, Kuwait, Bahrain, Qatar, and Iran — 20% of the world’s oil. There has been some debate regarding if this could occur. The discussion is whether the U.S. 5th Fleet, which is stationed nearby, could stop Tehran doing this, and if Iran, which has anti-ship missiles on its territory along the northern border of the Persian Gulf, would go that far. The derivatives clock is ticking. The great Bilderberg secret of 2019 had to do with why, suddenly, the Trump administration has decided that it wants to talk to Iran ‘with no preconditions.’ Tehran has not voiced this “nuclear option” openly. And yet General Qasem Soleimani, head of the Iranian Revolutionary Guard Corps’ Quds Force and a Pentagon bête noire, evoked it in internal Iranian discussions. The information was duly circulated to France, Britain, and Germany, and the EU-3 members of the Iran nuclear deal (or Joint Comprehensive Plan of Action) also caused a panic.

I look forward to co-investing alongside you and Alan in this.

3 www.TheCommercialInvestor.com

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