Burning Issues: Cleaning Up WeWork, Big Tech in the Big Apple & CLO Consolidation

The video discusses SoftBank's involvement in financing WeWork, highlighting its collaboration with Goldman Sachs and the implications of its financial commitments. It also covers the expansion of tech companies like Amazon, Facebook, and Google in New York City, particularly in Hudson Yards, and the growing presence of tech in the city's real estate market. Additionally, the video explores consolidation trends in the loan business, focusing on recent mergers and the advantages of scale in direct lending.

What is the nature of the relationship between SoftBank and WeWork as discussed in the video?

• SoftBank is a supplier to WeWork.

• SoftBank is a competitor of WeWork.

• SoftBank is a co-borrower with WeWork.

• SoftBank is a customer of WeWork.

Which tech company recently announced a significant lease in Hudson Yards, New York City?

• Microsoft

• Apple

• Amazon

• IBM

What percentage of currently occupied space in New York City is taken up by the financial services industry?

• 24%

• 30%

• 50%

• 40%

What is the primary advantage of mergers in the direct lending platform as mentioned in the video?

• Reduced operational costs

• Increased competition

• Greater scale and ability to underwrite loans

• Improved customer service

Which asset manager recently purchased ESL Credit Advisors?

• Vanguard

• State Street

• BlackRock

• First Eagle