Tag: Private Credit
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The Private Credit Crackup: Blue Owl, Redemption Gates, and the Liquidity Illusion
Khan Capital | March 2026 Key Takeaways For the better part of a decade, private credit was the asset class that could do no wrong. It offered equity-like returns with bond-like volatility, generated consistent income in a yield-starved world, and came wrapped in the institutional credibility of names like Blue Owl Capital, Apollo Global Management,…
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Private Credit and AI Disruption: When Collateral Loses Value Overnight
Khan Capital | February 2026 Key Takeaways For a decade, private credit managers treated software companies as the ideal borrower. Fat recurring-revenue margins, predictable cash flows, low capital expenditure requirements, and sticky customer bases made mid-market SaaS firms a natural fit for the leveraged lending model. By the end of 2025, outstanding loans to software-as-a-service…
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Private Credit Faces Its First Real Test
Khan Capital | January 2026 Key Takeaways For most of its existence, private credit has been tested by nothing more serious than a brief pandemic-era wobble that was immediately backstopped by the largest monetary intervention in history. The asset class grew from approximately $500 billion in 2015 to an estimated $1.7 trillion by mid-2025, powered…
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The Rise of Private Credit: From Niche to $1.7 Trillion
Khan Capital | June 2024 Key Takeaways In the space of a decade, private credit has transformed from a niche corner of the alternative investment universe into the most consequential force reshaping global debt markets. The numbers tell a story of extraordinary scale: from $310 billion in 2010 to approximately $1.7 trillion today, private credit…