There are a handful of firms that syndicate these type of bonds. Typical buyers are insurers, endowments, family offices, etc. with perpetual time horizons.
[Commitment Watch] '22 RB Kaleb Johnson
- Thread starter cyclone4L
- Start date
Yep. Also important to remember these are players that likely will not make much impact until 2023.
They still have a senior year of high school left. A lot can change.
I’m newer to following all of this closely. I’m sure guys rankings will change up and down as well. These are all juniors. We don’t know what they’ll be by next spring.
Or he could blow out his knee like Boobie Miles.
Yeah, but assuming pseudo sovereign credit quality (i.e. the UofC system guarantees the bond) then the annual yield would be verrrry low, even for pension funds etc. in my experience FOs typically like higher returning asset classes.
FWIW I work in Fundraising/strategy for an infra fund and even our IG infra-debt product (30y fund life w/ ca. 2.5% IRR target) comes in too low for a lot of that sort of investors, so kudos to whoever sold that paper, can't have been too easy to move.
If your other RB’s end up working out, you can definitely miss on one year of recruiting that position, but you can’t miss two years in a row at RB like Iowa has.
I’m not sure I’d go that far. Assuming Breece goes pro, the specter of injuries suggests you don’t want to try to squeeze by with just three scholarship RB’s.
