Wall Street's Blind Spot
Retail investors are pulling billions, insiders say defaults are already here, and banks are quietly tightening credit. The mixed signals across private credit mask a single uncomfortable truth.
Markets
Shares, bonds, currencies and commodities, and the companies behind them: what moved, why it moved and what the price is saying.
65 articles
Defaults Could Double, Warns Partners Group
Partners Group Chair Steffen Meister warns AI will create an asymmetric disaster for private credit, where lenders absorb the losses from disrupted companies while capturing none of the upside.
Blackstone Hit By Record Redemptions
Investors pulled $3.7 billion from the world's largest private credit fund. BCRED has posted its first ever net outflows, signalling a turning point for the entire industry.
Blue Owl Locks Out Investors
Blue Owl permanently restricts investors from withdrawing cash from its inaugural retail debt fund, backtracking on plans to reopen redemptions this quarter.