LPs getting their first distribution check since 2022

Wait you’re getting distributions

The fact that this post isn’t doing better is sad haha

People just can't relate to receiving distributions on those 2022 deals.

Feels great until the capital call for the cash-in refi hits your inbox

they could have done so much more 😄🙌

Not in Texas

Are we not supposed to be?

From a Blue Owl credit fund?

The first distribution after a long pause is also when the basis questions start. Three years of losses with no cash means a lot of those capital accounts are near zero, and a distribution past basis is taxable even though it feels like a return of capital. Good problem to have. Still a conversation to have before the checks go out.

😂