Chris Falk

Aug 07, 2019

Hate to say it but my view on CS has shifted in the past year. I feel like they're pumping out too many deals which is leading to some deterioriation in quality. It seems like they miss some red flags with certain sponsors and they might have so many new people on the underwriting staff that inevitably some mistakes are be made. I'd prefer to see quality over qty, realizing quality is a subjective term. A few years ago a majority of the deals on the CS platform were higher quality IMO and I didn't need to make a 30 second decision whether to invest in a deal or not when it went live, as seems to be the case recently. Coincidentally or not, they're VC backed and have a lot of staff on payroll so I can imagine there's pressure to generate some ROI from above at this stage.