private credit

Blackstone's (NYSE:BX) private credit fund experienced increased pressure on its portfolio due to markdowns of dental-implant company Affordable Care (ACI Group Holdings) and software company Medallia. The latest regulatory filing noted that these two holdings were marked down to 60.3 and 69.8,...

The Securities and Exchange Commission (SEC) Chairman Paul Atkins said they are "closely monitoring the emerging pressures" in the private credit market amid ongoing market jitters. The $3.5 trillion private credit market is facing increasing scrutiny amid rising concerns about liquidity,...

Credit default swaps (CDS) played a central role in the 2008 financial crisis, functioning as largely unregulated insurance on mortgage-backed securities (MBS). Today, major banks have begun trading CDS tied to private credit funds, raising concerns that similar risks may be building beneath the...

Apollo Global Management (NYSE:APO) CEO Mark Rowan called private credit lenders who can't meet 5% redemptions "idiots" during CNBC's Invest In America forum. • Where is APO stock headed? "I'll say it frankly, you're an idiot. This is not that hard to do," Rowan said to CNBC's Sara...

KKR & Co. (NYSE:KKR) has become the latest private equity firm to place a limit on withdrawals in its private credit fund, mirroring others who have done so recently as the private credit market experiences a rough patch. The firm capped withdrawals in its asset-based finance fund K-ABF at 5%...

Treasury Secretary Scott Bessent spoke to CNBC on Wednesday during the Invest In America Forum about the current state of the private credit market. He noted that "none of our work has shown there would be a systemic problem." Bessent referenced JPMorgan CEO Jamie Dimon's comments regarding "...

Pacific Investment Management Co. (PIMCO) has acquired the full $400 million bond offering issued by a private credit fund affiliated with Blue Owl Capital Inc. The bonds, issued by Blue Owl Capital Corp (OBDC), are investment-grade rated notes. The bonds are yielding 6.4% and are set to mature in...

Wells Fargo said its exposure to private credit firms was approximately $36.2 billion in Q1, with software companies accounting for 17%. This news comes as investors are keeping a close eye on all of Wall Street's exposure to private credit, given the current volatility. Other banks have been...

BlackRock (NYSE:BLK) CEO Larry Fink emphasized that "headlines don't reflect what clients are telling us," noting a surge in demand for private credit from large institutional investors, even as retail investors remain wary of the sector. "If anything, with some of the retail pullback, we've seen...

Blue Owl Capital (NYSE:OWL) is making a comeback, raising $400 million from bond investors, following several months of ripples in the private credit market. • Blue Owl Capital shares are climbing with conviction. Why is OWL stock up today? The bonds, issued by Blue Owl Capital Corp (...

Adams Street Partners has raised $7.5 billion for its third private credit vehicle, becoming the latest firm to do so despite volatility in the market. The private credit team is focused on providing senior financing to sponsor-backed middle-market companies. The fund, which targets institutional...

Oaktree Capital Management CEO Howard Marks said that some direct lending managers "accepted too much money and invested it too fast, applying standards that were too low and setting the scene for a correction.” He added that the massive amounts of capital that had previously been available...

Ares Management (NYSE:ARES) is planning to launch a flagship U.S. direct lending fund that will target approximately $20 billion. While plans are still in the early stages and details regarding the fund launch could change, Ares is understood to be holding initial conversations with investors about...

The Carlyle Group's (NASDAQ:CG) flagship private credit interval fund received a large amount of repurchase requests as turmoil in the private credit sector continues. The Carlyle Tactical Private Credit Fund (CTAC), which has more than $7 billion in assets, received requests of 15.7%, three times...

Moody's Ratings has revised Blue Owl Capital's (NYSE:OWL) flagship private credit fund rating to negative, a sign of continued strain on the private credit space. The firm cut Blue Owl Credit Income Corp's (OCIC) rating to negative from stable in response to "significantly higher-than-peer...