Private Debt News: Weekly News and Insights

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

11 hrs ago

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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

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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

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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

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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

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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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Private Credit News Weekly Issue #82: Megadeals Return, Spreads Compress, and Managers Brace for the "Cockroaches"

Record 68 deals over $10 billion announced in 2025 as credit executives warn of spread compression, vintage 2020-2021 restructurings, and a bifurcated…

Jan 3 • Private Debt News

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December 2025

Private Credit News Weekly Issue #81: BDCs Crater, Banks Surge 45%, and $136 Billion Consumer Bet

Cliffwater BDC Index down 6.6% while banks jump 45% as private credit snaps up 14x more consumer debt and Ares calls its PE business "sub-scale"

Dec 29, 2025 • Private Debt News

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Private Credit News Weekly Issue #80: Defaults Jump, Banks Strike Back, and Blackstone's Redemptions Double

US private credit default rate hits 5.7% as regulators scrap 2013 lending rules while BCRED redemptions rise to 4.5% from 1.5% a year ago

Dec 20, 2025 • Private Debt News

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Private Credit News Weekly Issue #79: Spreads Collapse, Banks Win, and Blue Owl Buys the Dip

Private loan margins fall below 500 bps as banks price at 285 bps while executives spend $115 million buying their own BDC shares

Dec 7, 2025 • Private Debt News

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November 2025

Private Debt News Weekly Issue #78: Blue Owl Becomes the Venn Diagram, Returns Fade, and Inflows Keep Coming

Short interest rises as shares drop a third since July while investors pour $30 billion into unlisted BDCs despite trailing public high-yield bonds

Nov 30, 2025 • Private Debt News

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