First loss is rapidly becoming popular, though many still don’t understand its mechanics. Bloomberg reports that John Paulson has signed up with three of the industry’s top first-loss providers. Witherspoon Partners Founding Partner Keith Danko shared his thoughts on the topic, as quoted in this Bloomberg headline story from April 23, 2018:
Keith Danko Quoted in Bloomberg on Paulson’s First Loss Bet
April 28, 2018