Topic
Private Credit
Everything Briefed has filed against Private Credit, most recent first.
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Apollo sets a $20bn target for Mexican private creditNearshoring has been the theme for three years; Apollo's $20bn target is the first sign private credit is willing to underwrite it at real scale rather than just talk about it in conference panels.…Blue Owl's $4.7bn redemption crunch is a stress test private credit has been dreadingBlue Owl has reimposed redemption caps across two of its private credit funds after fielding $4.7bn in withdrawal requests, and the sequencing matters: this is not a one-off quarter, it is a persis…Sovereign funds are rotating into private assets to chase AI. That tells you the public market upside is largely gone.When Norway's Government Pension Fund and the Gulf sovereign vehicles start moving allocation from public equities into private infrastructure and private equity to get AI exposure, the implied mes…Morgan Stanley caps a private credit fund after 11.6 percent of investors tried to exit at onceAn 11.6 percent redemption request against a private credit fund is not a run, but it is close enough to make the gate mechanism do real work. Morgan Stanley imposing caps confirms what the FCA and…Blue Owl draws $9bn but fee-paying assets disappointThe alternative asset manager's headline capital raise masks a deeper problem: fee-paying assets increased by only $700 million, signaling limited near-term revenue impact from the inflows. Blue Ow…Ares slashes value of Clearlake software deals as AI bitesAI disruption just hit private credit portfolios hard. Ares Management wrote down loans to three Clearlake Capital software companies, with Quest Software debt trading at 25 cents on the dollar as …Pimco buys entire $400m Blue Owl BDC bond salePimco just bought all $400m worth of bonds from Blue Owl's business development company, signalling institutional appetite for private credit exposure without the direct lending hassle. When the wo…Dimon dismisses private credit as systemic threat despite losses aheadJPMorgan CEO Jamie Dimon said the $1.8 trillion private credit market is too small compared to $13 trillion bond and mortgage markets to pose systemic risk, even as he predicted "higher than antici…