Domestic funds now own 74% of the deal value here. They call it… — Global Link Network 🌐 — TG.ME

Domestic funds now own 74% of the deal value here. They call it maturity, I call it being left to hold the bags when the global liquidity tap shuts off completely. Big players are dodging the mega-deals, moving down to the 10m to 60m bracket because they are terrified of the risk concentration at the top. The food and beverage sector jumping from 1% to 12% is just desperate yield chasing in a market rigged for whoever has the most local dry powder. My coffee is cold and the market is lying to us. If these mid-market firms hit a liquidity wall, there is no international bailout coming to save them. It is just local money eating local money. And nobody cares. If you think this mid-market pivot is a sign of health, try liquidating a 50m non-standard credit tranche during a standard market correction. You will get wrecked. It is just a smaller, grittier way to bleed out while pretending you are playing defense. @globallinknetwork