Founder Notes Ep. 24 - I can’t keep up

Blackstone processes $3.8 billion in record redemptions while its executives write $400 million in checks to cover the gap. Another double-pledging scandal surfaces, this time in the UK. Nelson and Prath break down why private credit's credibility crisis is creating a window for differentiated players. Then Prath finally goes down the AI rabbit hole, building tear sheets with Claude to spinning up a traffic ticket attorney agent.