Global marketsUpdated November 9

Ares will pass on GPU financing, citing difficulty underwriting chip depreciation

Semafor reports that loan portfolios are being shopped at steep discounts. One person told the outlet that GPU financing is taking a hit over fears that the loans could outlast the technology’s useful life. Ares has made its own call: CEO Michael Arougheti said the firm would pass on such deals because he personally doesn’t know how to underwrite the technology’s decline and depreciation curves.

1 publisher1 report

Coverage started November 9