Boots Dunlap

Boots Dunlap
As Co-Founder and Chief Executive Officer, John “Boots” Dunlap oversees credit investment and consulting initiatives for RRA and its clients and investors. Formerly Chief Investment Officer and Managing Director, Boots was also an Airborne Ranger Infantry Captain with the US Army’s elite 10th Mountain Division in Afghanistan and Iraq.

Recent Posts

Private Credit Investors - Wake Up and Smell the Late Penalty!

Posted by Boots Dunlap on Aug 31, 2018 8:59:49 AM

The Rise of a New Asset Class

Since the Great Financial Crisis, the low yield environment, as well as certain regulatory changes, have given rise to a previously lesser-known alternative asset class known as “private credit”.  Private credit funds target ownership in debt and debt-like instruments across various segments (corporate, consumer, real estate, litigation, life settlements, royalties, etc.) with the goal of generating high yields, mostly in the form of ordinary income, for their investors. 

Catching the Service Provider World Off Guard

As this asset class rose to popularity rather quickly, it seems to have caught the outside service provider world largely unprepared, having a lack of experience on how to manage, account, and administer this new asset class.  As a result, most service providers advising private credit managers defaulted to their knowledge of private equity fund formation and administration, resulting in many of these funds being structured like traditional private equity funds.  

Read More

Topics: Private Credit, Investors