private credit

Private credit is often seen as highly customized lending that spreads risk, but a handful of large managers—like Blackstone (NYSE:BX), Apollo (NYSE:APO), and KKR & Co. (NYSE:KKR) —are increasingly converging on similar underwriting standards, deal types, and funding structures.  According to a...

Brookfield Asset Management (NYSE:BAM) saw strong fundraising momentum in the first quarter, raising $21 billion in capital, driven by complementary strategies and continued growth in insurance inflows. Subsequent to quarter-end, the firm’s flagship private equity strategy held an initial...

Blue Owl Capital (NYSE:OWL) is holding early-stage talks with investors about a credit secondaries fund, according to Bloomberg News. CEO Marc Lipschultz described credit secondaries during an August 2025 analyst call as "a great business to be had.” He also warned the market was creating "...

Carlyle Group (NASDAQ:CG) reported that its total revenue dropped from $973 million in the first quarter of 2025 to $254 million in the first quarter of 2026, driven by a wider loss in investment income.  The firm also reported a net income loss of $132 million, or 37 cents a share, in Q1, compared...

BlackRock (NYSE:BLK) slashed the value of its publicly traded private credit fund, BlackRock TCP Capital Corp. (NASDAQ:TCPC), by approximately 5%. • BlackRock TCP Capital stock is trading at depressed levels. Where is TCPC stock headed? The publicly-traded middle-market lending fund's total...

Private credit has exploded into a $2 trillion market, quietly becoming one of the largest sources of corporate financing—yet it has never faced a true economic downturn. On the surface, the system looks stable, backed by banks, insurers, and private equity firms—but beneath it lies a complex web...

Apollo Global Management (NYSE:APO) hit $1 trillion in assets under management (AUM) at the end of the first quarter. CEO Marc Rowan noted that business trends remain highly favorable, but the business is dependent on the macro environment. "The macro environment, notwithstanding the noise of what'...

U.S. Securities and Exchange Commission Chairman Paul Atkins said the SEC is investigating alleged fraud in the private credit sector. Speaking at the Milken Institute Global Conference on Monday, Atkins did not identify which specific firms are under investigation. He noted that the SEC, U.S....

Concerns over inflation, defaults, and AI-driven disruption in software have fueled recent stress in private credit markets, prompting Goldman Sachs Research to speak with leading credit CEOs, who see AI as a driver of greater dispersion and volatility rather than broad market disruption across...

Six months ago, the most powerful banker in America walked onto a quarterly earnings call and used a word that doesn’t usually come up when bank CEOs talk to Wall Street: cockroaches. It was Oct. 14, 2025. JPMorgan Chase (NYSE:JPM) had just taken a $170 million hit from the bankruptcy of...

Audax Private Debt has wrapped up a $1 billion continuation vehicle for private credit, with Pantheon, a global credit secondaries solutions investor serving as the lead investor. The new fund, Audax Direct Lending Solutions Fund I CV, was formed to purchase a mix of first-lien, senior secured...

"Big Short" investor Steve Eisman said that while it's unclear how turmoil in private credit will ripple through the broader economy, software-related exposure within that market has been "obliterated." "If you're a private equity firm and you have overexposure to software, your company is worth...

Ares Management (NYSE:ARES) raised roughly $30 billion in new capital in the first quarter, a company record that signals big investors are still allocating to private credit despite months of skeptical commentary about the space. Ares credit business accounted for the largest share of the quarter...

Blue Owl Capital Inc. (NYSE:OWL) disclosed that it trimmed its SpaceX stake by roughly half, with the sale priced off a $1.25 trillion valuation. Co-CEO Marc Lipschultz said the partial exit locked in a substantial gain while allowing the firm to retain its remaining stake. Lipschultz told analysts...

The private‑credit market has hit a rough patch in recent months, with weakening investor sentiment and rising redemption requests at non‑traded business development companies (BDCs) signaling mounting stress. Michael Lebowitz, a portfolio manager at RIA Advisors, believes that the "chaos and bad...