Tag
Private Credit
10 articles
Blue Owl's Persistent Gates Show Structural Strain in Software-Exposed Private Credit
Blue Owl capped redemptions at 5 percent for a second consecutive quarter as investors sought to withdraw 19 percent and 38 percent of shares from two major funds, signaling unresolved concerns about software-linked debt exposure.
Blackstone's Gray: Private Credit Structural Advantages Override Redemption Pressure
Blackstone President Jon Gray argues private credit's return premium over liquid markets will sustain inflows despite a backlog of redemption requests at the firm's flagship fund.
Private Credit Defaults Hit 6.3% in August, Showing Spread Widening Ahead
Fitch's record default rate among U.S. private debt borrowers is forcing institutional investors to recalibrate duration risk and prepares the market for wider spreads in below-investment-grade pa.
Valinor Launches Tokenized BDC Fund on Superstate With Daily Redemptions
Valinor Digital, founded by former Blackstone private credit executives, rolled out VBDC on Superstate, offering qualified purchasers daily liquidity in tokenized business development company exposure.
KKR's K-FITS Clears Redemptions as K-ABF Caps Withdrawals at 5%
Divergent liquidity pressures across KKR's retail private credit funds signal uneven stress in the asset class as duration risk reshapes investor behavior.
Bathla Group's $3.3B Debt Collapse Exposes Australia's Private Credit Vulnerability
Sydney builder's failure and $2.3 billion shortfall highlight structural risks in the A$200 billion non-bank lending market.
Walter's Insurers Restate $17B in Hidden Related-Party Exposure
Federal prosecutors and the SEC are examining whether Mark Walter's insurance companies improperly lent billions to his connected businesses, forcing a $6.5 billion portfolio swap at Delaware Life.
Private Credit Default Rates Hit Five-Year Highs at Ares, Blue Owl, Blackstone, Golub
Nonperforming loan ratios at all four funds exceeded 2023 stress levels, with software exposure — 20 percent or more of most portfolios — the sector's next fault line.
Blue Owl Sells $500M Investment-Grade Bond After Capping Fund Redemptions
The private credit firm tapped debt markets following redemption limits imposed on one of its funds earlier this year.
Ares Capital's 10% Yield Holds: Strong Buy for BDC Income Investors
Ares Capital (ARCC) maintained its $0.48 quarterly dividend after a challenging first quarter, signaling stability for income-focused portfolios