Private credit is showing mounting signs of strain, with defaults rising and more borrowers being placed on lenders’ watchlists, even as some of the industry’s largest managers maintain that concerns about the asset class are overstated, according to a report by the Wall Street Journal.
An analysis of recent quarterly disclosures from publicly listed vehicles managed by Ares Management, Blackstone, Blue Owl Capital and Golub Capital found that non-accruing loans have reached their highest levels...
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