Private credit

Private Equity

Blackstone Shrugs off Private Credit Concerns amid AI Focus

Photo via IMAGO/Vernon Yuen/IMAGO/Nexpher Images/Newscom

Concerns of AI disruption for software firms is had had investors yanking money from private credit funds, including Blackstone’s BCRED.

2 min read

Photo via IMAGO/Nicolo Campo/Newscom

Banking

Lackluster Fixed-Income Revenue Dulls Bright Quarter for Goldman Sachs

The fixed-income, currencies and commodities business generated revenue of just $4 billion in Q1, a 10% decrease from a year ago.

2 min read
Photo via IMAGO/Gonzales Photo/Thomas Rasmussen/IMAGO/Gonzales Photo/Newscom

Finance

What, Me Worry? Blackstone Closes $10 Billion Private Credit Fund Amid Industry Turmoil

In recent days and weeks, private credit funds at KKR, Morgan Stanley and Blue Owl Capital have enforced redemption caps.

2 min read
Photo via Richard B. Levine/Newscom

Finance

Blue Owl Slams Brakes on Redemptions at Two Funds as Private Credit Worries Mount

Investors asked to yank 21.9% from Blue Owl’s $20 billion Credit Income Corp. fund between January and March.

2 min read

Banking

JPMorgan Leverages Unique Ability to React Proactively to Private Credit Woes

Photo via Jimin Kim/ZUMAPRESS/Newscom

Most of JPMorgan’s big banking peers don’t have NAV loan agreements that let them proactively revalue assets.

2 min read

Photo via Billy Tompkins/ZUMAPRESS/Newscom

Finance

Private Credit Crunch: JPMorgan Limits Exposure, Morgan Stanley Fund Caps Redemptions

Shares of major private-credit lenders are down significantly this year: Apollo has lost 26%, KKR 31%, Blackstone 30%, and Ares 35%.

2 min read
Photo by Annie Spratt via Unsplash

ETF Upside

Fidelity Adds Models with a Taste of Private Markets

The company’s new model portfolios are built primarily with ETFs or mutual funds, but they use less-liquid funds for private holdings.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Thanumporn Thongkongkaew via iStock

Alternatives

From Crypto to Private Credit, Alts Attract Millennials Flush with Inherited Wealth

Rather than sticking with stocks and bonds, millennials are seeking higher returns from alternatives like crypto and private credit.

4 min read

Markets

BlackRock’s Writedown of Small Loan Fuels Private Credit Alarm

Photo via Richard B. Levine/Newscom

BlackRock’s writedown of a $25 million loan is fueling concern that much larger defaults are lurking in private credit.

2 min read

Finance

Ares Replaces Pop-Tarts Purveyor Kellanova on S&P 500

Photo via Liu Yanan / Xinhua News Agency/Newscom

Ares is a major player in the private-credit market, which is facing both a surge in popularity and mounting concerns.

2 min read

Photo by Annie Spratt via Unsplash

Advisor Upside

Private Assets in 401(k)s Add Modest Value: Morningstar

The most significant benefits went to savers with bigger balances and higher contribution rates.

2 min read
Photo by Kunakorn Rassadornyindee via iStock

Finance

Jefferies Reveals Fund’s $715 Million Exposure to Failed First Brands Amid Relationship Scrutiny

When First Brands filed for bankruptcy last month, it listed over $10 billion in liabilities and nearly $6 billion in long-term debt.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Chris Ryan via iStock

Advisor Upside

Why ‘Throwing Darts’ in Private Markets Isn’t Enough

The opportunities to invest are expanding, but due diligence is key.

4 min read

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