Tag: Private Credit
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The Fed Starts Counting: Inside the $1.3 Trillion Private Credit Direct Lending Market
The Dallas and New York Feds are building the first official window into a $1.3 trillion direct lending market, in the same fortnight Ares raised a record $36bn while gating its retail fund. Inside a market that is not shrinking so much as changing hands.
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BlackRock Record AUM: Inside the $15.3 Trillion Quarter
BlackRock printed a record $15.3 trillion of assets, but nearly nine tenths of the jump was the market, not new money. Inside the AUM bridge, the HPS and GIP engines, and what the record says about the cycle.
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The $35 Billion Test: The Largest Private Credit Deal on Record Starts Trading
The $35bn Apollo-Blackstone financing for Broadcom and Anthropic’s AI chips is set to begin trading. For the first time, the market will price AI infrastructure credit risk in the open.
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The $14 Billion Gate: Private Credit Redemptions Meet the Confidence Gap
Roughly $14 billion is now trapped behind private credit redemption gates. Inside the requests-versus-caps arithmetic, PIMCO’s confidence gap, and the sorting of managers it has begun.
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The Private Credit Crackup: Blue Owl, Redemption Gates, and the Liquidity Illusion
Khan Capital | March 2026 Key Takeaways Part of: Private Credit & Private Markets – Khan Capital’s hub on private credit and private markets. 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…
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Private Credit and AI Disruption: When Collateral Loses Value Overnight
Khan Capital | February 2026 Key Takeaways Part of: Private Credit & Private Markets – Khan Capital’s hub on private credit and private markets. 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…
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Private Credit Faces Its First Real Test
Khan Capital | January 2026 Key Takeaways Part of: Private Credit & Private Markets – Khan Capital’s hub on private credit and private markets. 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…
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The Rise of Private Credit: From Niche to $1.7 Trillion
Khan Capital | June 2024 Key Takeaways Part of: Private Credit & Private Markets – Khan Capital’s hub on private credit and private markets. 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…