Operations
What does an end client need to sign into the umb portal?
Account Number
What term describes a private company valued at over $1 billion?
A Unicorn
Which sandwich company owned by Blackstone is rumored to potentially IPO this year?
Jersey Mike's
What is private infrastructure's correlation to public equities?
0.1
Lowers cost basis
Its not taxed when received (results in larger cap gains down the road)
3 clients are redeeming SPRIM and they all custody them at different places, Pershing, Fidelity, and Schwab. When redeeming when must the advisor submit a sell order?
The last day of the redemption window for Pershing, any time during the window for Schwab and Fidelity
Which X.AI fundraising round did StepStone just participate in? How much was raised and who was the lead?
Series E, $20B, Valor
This macro environment is generally most favorable for secondary buyers.
Slow exits, no ipo or m&a
DOUBLE POINTS: How much money is required to be invested in global infrastructure annually?
$3.9T
Where does senior secured private credit sit in a company’s capital structure?
The top
When does the Q1 redemption window end?
March 16
Venture capital returns are most heavily driven by a small number of outsized winners, a dynamic often described by this statistical concept which is?
The Power Law
What is the approx return dispersion of upper quartile PE managers and bottom quartile managers?
~15-20%
Name 3 of the top 5 GP's in STRUX
Macquarie, KKR, GIP, EQT, Digital Bridge
Which private credit firm recently allowed increased redemptions, and how much capital was redeemed (approx)?
Blue Owl, ~17%
What is the UMB Portal support phone number?
877-772-7724
DOUBLE POINTS: Which pro sports team was recently added to the SPRING portfolio? Which GP was it with?
Memphis Grizzlies, Arctos
DOUBLE POINTS: What does PSG Equity Partners specialize in? (Top GP in SPRIM)
Middle-market software and technology-enabled services companies
List 3 examples of social infrastructure
Schools and universities
Public hospitals and clinics
Social and affordable housing
Community centers and libraries
Public transportation systems
Courts, police, and fire stations
In a December article, BofA projected U.S. private credit defaults could ease to roughly this level in 2026.
~4.5%
A client owns all 5 of our funds at Schwab. Who provides the 1099 for each fund?
Schwab to provide 1099s for SPRING, CRDEX, STRUX, and STPEX
UMB to provide 1099s for SPRIM
Who is the CEO of Glade Brook Capital Partners? (Top GP in SPRING)
Paul Hudson
Name the top 5 GP's in SPRIM
PSG, Hellman & Friedman, EQT, KKR, TPG
Name 3 of the top 5 positions in STRUX
Pattern, Energy, Cyrus One, Zayo, Xylem Kendall, Vantage NA Yieldco
This benchmark rate replaced LIBOR for most U.S. floating‑rate private loans.
SOFR