Investors ditch private credit funds on rising worries over bad loans
Publicly traded vehicles are trading at steep discounts in gloomy sign for broader industry
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We must be mindful of the risks of private credit
The sector remains untested in a severe or prolonged economic downturn
Private credit funds strained as borrowing costs edge higher
Bond investors and banks are seeking greater premiums on new financing as a precaution before lending
Investors bet on smaller private equity funds to break deal drought
Larger funds’ global share of commitments slides as fundraising winter drags on
Investors beware the dangers lurking in private credit
For some observers, the rapid rise of this asset class invites unsettling historical comparisons
Investors sought to pull $20bn from private credit funds in first quarter
Big groups including Apollo, Ares and Blackstone were hit with redemption requests at start of 2026
Retail investors cool on private equity as jitters spread
Fundraising by evergreen vehicles has slowed amid worries about exposure to software and AI