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Technical Lesson

+1

The Evolution of CLOs and their Role in Restructuring Scenarios
LockSimple

Apr 11, 2025

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9 min read

The Evolution of CLOs and their Role in Restructuring Scenarios

Not to be confused with Collateralized Debt Obligations (CDOs)!

Other

+1

The Cryptocurrency Industry and Its Distressed Cycles
LockSimple

Mar 14, 2025

•

20 min read

The Cryptocurrency Industry and Its Distressed Cycles

Business Models, What is Value, the 2022 Crypto Winter and Distress, Summer of Bankruptcies

Other

+1

2025 Wharton Distressed Investing and Restructuring Conference Recap
LockSimple

Mar 7, 2025

•

11 min read

2025 Wharton Distressed Investing and Restructuring Conference Recap

LMEs: the past, present, and future (LME 3.0), structured finance, cross-borders restructurings, and bankruptcy for early-stages companies

Other

+1

Breaking down Insurance / Reinsurance to Understand LA Fires
LockSimple

Feb 28, 2025

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8 min read

Breaking down Insurance / Reinsurance to Understand LA Fires

We will learn the complexities of insurance, explain the developing situation in the distressed Los Angeles home insurance market, and explore the future problems

Other

Bargaining in Bankruptcy: Unions and Chapter 11
LockSimple

Feb 21, 2025

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9 min read

Bargaining in Bankruptcy: Unions and Chapter 11

“Corporate bankruptcy law in the U.S. is a joke” the story of this historic sentence

Other

NVR Deep Dive, From Chapter 11 to a 1,000 Bagger
LockSimple

Jan 24, 2025

•

13 min read

NVR Deep Dive, From Chapter 11 to a 1,000 Bagger

How a failed business became one of the best compounders ever

Consumer & Retail

+2

Serta is Back, Baby
LockSimple

Jan 17, 2025

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9 min read

Serta is Back, Baby

The 2020 Transaction, Permissibility and Litigation, Indemnification of Uptier Litigation, 5th Circuit Review, Credit Language and LME Implications

Healthcare

+1

Retail Pharmacy: Deep Dive, Headwinds, and Distress
LockSimple

Jan 3, 2025

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14 min read

Retail Pharmacy: Deep Dive, Headwinds, and Distress

Key Players, The Unit Economics of a Pharmacy, Comparison of Business Models, Factors Behind Financial Distress, Solutions to Address Liquidity Crunch

Personal

+1

2024 Pari Passu Year-End Letter #2

Dec 27, 2024

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17 min read

2024 Pari Passu Year-End Letter #2

Behind the Scenes of your Favorite Newsletter, Key Stats, Best Posts of 2024, and Fun Facts

Other

The 2024 Distressed Investing Conference
LockSimple

Dec 20, 2024

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11 min read

The 2024 Distressed Investing Conference

After all, more business is won by framing advisory as “we have some ideas that will allow you to reconstitute your balance sheet with willing participants” as opposed to “hire us because we are the best at helping you hand the keys to creditors.”

Other

Sonos ($SONO) Deep Dive
LockSimple

Dec 13, 2024

•

12 min read

Sonos ($SONO) Deep Dive

Started with a simple idea: to make it easy for people to listen to any song in any room of their home without hassle. Evolved with a fascinating example of flywheel.

Tech, Media & Telecom

+1

Software Primer, what Everyone Must Know
LockSimple

Nov 29, 2024

•

10 min read

Software Primer, what Everyone Must Know

After all, software companies can go bankrupt. This is everything you need to know to get smart on this sector.

Other

Whole Business Securitization, a Pocket of Financing Opportunities
LockSimple

Nov 22, 2024

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11 min read

Whole Business Securitization, a Pocket of Financing Opportunities

Out Private Credit, In Whole Business Securitization. What makes this type of financing different and why is it fueling some of the largest buyouts of the year?

Other

A Company Built in Founder Mode, Airbnb Deep Dive
LockSimple

Nov 8, 2024

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14 min read

A Company Built in Founder Mode, Airbnb Deep Dive

Built in Founder Mode: From a Weird Idea to Paying Rent to Becoming a Verb

Other

+1

SoFi Deep Dive, Revolutionizing Loan Underwriting
LockSimple

Oct 18, 2024

•

13 min read

SoFi Deep Dive, Revolutionizing Loan Underwriting

Challenging the status quo. In this edition of Pari Passu, we’ll delve into the story of SoFi, the firm that disrupted legacy financial service providers with its unique approach to data analytics.

Other

Expedia Deep Dive & COVID Rescue Financing
LockSimple

Oct 11, 2024

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9 min read

Expedia Deep Dive & COVID Rescue Financing

Sometimes restructuring transactions actually work and save the day!

Energy / Power

+1

Nuclear Energy Primer, a Trend too Relevant to Ignore
LockSimple

Oct 4, 2024

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10 min read

Nuclear Energy Primer, a Trend too Relevant to Ignore

Climate change remains one of humanity’s most pressing challenges, and no industry will be more affected than the energy industry. With growing pressure to find suitable alternatives to fossil fuels, some experts have pointed towards nuclear energy as a potential solution.

Industrials

+1

Heico Deep Dive: a Flying Business
LockSimple

Sep 20, 2024

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10 min read

Heico Deep Dive: a Flying Business

Given Heico’s resilience in aerospace and defense, global reach, innovation and growth, steady financial performance, and diversification, it is worthwhile to examine the company’s potential and impact on the market.

Healthcare

+1

An Overview of the Pharma Sector
LockSimple

Sep 13, 2024

•

8 min read

An Overview of the Pharma Sector

In the article below, we will cover this industry: its origins, major players, market performance, key criticisms, and much more. This is a fascinating sector that most of us rarely interact with.

Other

Lessons to Become a Better Investor
LockSimple

Aug 30, 2024

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5 min read

Lessons to Become a Better Investor

Being a good investor means a lot of different things, and developing a perfect definition of a “good investor” is quite difficult. However, a two attributes shared among all high performing investors: ....

Tech, Media & Telecom

+1

CrowdStrike Deep Dive
LockSimple

Aug 23, 2024

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4 min read

CrowdStrike Deep Dive

On July 19th, more than eight million computers around the world crashed, with the cause of the crash coming from an unknown source: CrowdStrike. Let's explore the story behind this company.

Other

The Yale Endowment Model
LockSimple

Aug 9, 2024

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8 min read

The Yale Endowment Model

Exploring the world of college endowments – why they exist, why they hold so much wealth, and their effect on society as a whole - with a special focus on Yale's $40bn fund

Industrials

+1

AutoZone Deep Dive
LockSimple

Aug 2, 2024

•

7 min read

AutoZone Deep Dive

Diving deep into the US' largest aftermarket automotive parts company, which has seen wild success in terms of stock performance and network expansion

Industrials

+1

Lockheed Martin Deep Dive
LockSimple

Jul 19, 2024

•

14 min read

Lockheed Martin Deep Dive

Diving deep into the world's largest defense contractor and a dominating force on the international stage

Energy / Power

+1

A Simple Overview of The Energy Industry
LockSimple

Jun 28, 2024

•

5 min read

A Simple Overview of The Energy Industry

Walking through one of the most underrated industries that impacts us all; a must-know for all investors

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Pari Passu

Restructuring, credit, and distressed debt insights from a hedge fund analyst and former restructuring banker

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