Private Debt News: Weekly News and Insights

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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Private Credit News Weekly Issue #77: Blue Owl Retreats, CLO Tests Fail, and Gundlach Sees "Garbage Lending"

BDC merger collapses after investor backlash while BlackRock waives fees on troubled CLO and lenders swap $1 billion of 48Forty debt for equity

Nov 24, 2025 • Private Debt News

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Private Credit News Weekly Issue #76: Valuation Chaos, Zero Marks, and the Exit That Never Comes

Apollo prices Medallia at 77 cents while KKR calls it 91 as BlackRock writes Renovo to zero after marking it at par just weeks earlier

Nov 15, 2025 • Private Debt News

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Private Credit News Weekly Issue #75: Extend-and-Pretend, Earnings Misses, and the Covenant Race to the Bottom

BDCs miss estimates as lenders kick maturities down the road to avoid "messy restructurings" while top funds warn market has gotten "very nervous"

Nov 9, 2025 • Private Debt News

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Private Debt News Weekly Issue #74: Shadow Defaults, Equity Conversions, and the PIK Time Bomb

Lincoln International flags 6% "shadow default rate" from bad PIK while lenders swap debt for equity across Europe as Ares sees opportunity in market…

Nov 1, 2025 • Private Debt News

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October 2025

Private Debt News Weekly Issue #73: Keys Changing Hands, Returns Falling, and the Saudi Scramble

Creditors seize control of failing companies as Sixth Street warns investors to brace for disappointment while Blackstone hits $508 billion AUM

Oct 26, 2025 • Private Debt News

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Private Debt News Weekly Issue #72: Cockroach Wars, Mark-to-Myth, and the IMF Loses Sleep

Dimon and Lipschultz trade public barbs as academics shred returns, prosecutors file fraud charges, and the IMF chief admits sleepless nights

Oct 18, 2025 • Private Debt News

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Private Debt News Weekly Issue #71: BDC Collapse, Dispersion Warnings, and the Coming Shakeout

Dividend cuts hit flagship funds while Goldman predicts "very significant" performance divergence for the first time since the financial crisis

Oct 13, 2025 • Private Debt News

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