Private Debt News: Weekly News and Insights

Private Credit News Weekly Issue #94: Blue Owl Breaks, CLOs Surge, and Banks Start Counting

The redemption numbers just got significantly worse. Here's what they actually mean.

Apr 3

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March 2026

Private Credit News Weekly Issue #93: The Liquidity Fiction Comes Due

Semi-liquid structures face their first real test, Cliffwater emerges as the industry's most precarious position, and Apollo waits with a bid

Mar 28

19

Private Credit News Weekly Issue #92: BCRED Posts First Loss in Three Years, Banks Rethink Leverage Terms

Direct lenders split into believers and realists as redemptions breach caps, European stress surfaces, and asset-backed finance emerges as the exit…

Mar 22

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Private Credit News Weekly Issue #91: The Redemption Wave Goes Systemic as Blue Owl Burns and Contagion Spreads

Cliffwater, Morgan Stanley, and BlackRock hit structural limits simultaneously while Jefferies faces lawsuits and Apollo bets transparency can save the…

Mar 15

21

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Private Credit News Weekly Issue #90: Blue Owl Finances Software While BlackRock Gates, PIMCO Predicts Full Default Cycle

Direct lenders split into believers and realists as redemptions breach caps, European stress surfaces, and asset-backed finance emerges as the exit…

Mar 9

23

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February 2026

Private Credit News Weekly Issue #89: Blue Owl Sells $1.4 Billion to Own Insurance Unit, Weinstein Swoops at 35% Discount

When redemptions hit, one lender sold loans to itself while an activist offers to buy shares at steep markdown to book value

Feb 21

18

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Private Credit News Weekly Issue #88: Software Exposure Hidden in Plain Sight, Bad PIK Hits 6.4%, and Apollo Trades $10 Billion

Bloomberg finds $9 billion in software loans misclassified across major BDCs as deferred interest climbs and trading infrastructure expands

Feb 16

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Private Credit News Weekly Issue #87: Software Gets Crushed, Managers Split on Defense, and Thoma Bravo Blocks Creditor Unity

$46.9 billion in tech debt trades distressed as lenders divide between retreat and doubling down

Feb 8

18

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January 2026

Private Credit News Weekly Issue #86: Redemptions Settle, Defaults Rise to 5.6%, and BDCs Raise $5.3 Billion

The exit rush calms as Blue Owl honors 15% withdrawals, but default rates climb and PIMCO warns buyers are "blind" to risks

Jan 31

15

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Private Credit News Weekly Issue #85: BlackRock Marks Down 19%, Redemptions Hit 5%, and Secondaries Explode to $226 Billion

BlackRock marks down 19%, redemptions hit 5%, and managers race for $13 trillion in 401(k)s

Jan 25

15

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Private Credit News Weekly Issue #84: Covenants Disappear, PIK Gets Rebranded, and Banks Win at 275 Bps

Private lenders adopt covenant-lite terms to compete as middle-market CLO limits jump to 25% from 16% while Neuberger pitches "strategic PIK" and…

Jan 17

13

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Private Credit News Weekly Issue #83: Redemptions Surge 200%, Blue Owl Breaks Gates, and UK Warns of "Unknown Unknowns"

Investors yank $2.9 billion from non-traded BDCs in Q4 while Blue Owl allows 17% redemptions as managers insist "performance remains strong"

Jan 10

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