private credit

Macro Markets

Fed Probes Bank Exposure to Private Credit as $1.8 Trillion Shadow Lending Market Faces First Real Stress Test

Targeted information requests to major US banks signal regulatory anxiety about interconnectedness as redemptions surge and software defaults spike.

8 min read ·
Knowledge Base Markets

What Are Covenant-Lite Loans and Why Do They Amplify Credit Risk?

Debt instruments with minimal borrower restrictions now dominate private credit markets, stripping lenders of traditional protections as defaults accelerate.

9 min read ·
Knowledge Base Markets

What Is Private Credit and Why Does It Pose Systemic Risk?

Non-bank lenders now hold $1.7 trillion in corporate debt, operating beyond traditional regulatory oversight while pension funds and insurers carry the contagion risk.

9 min read ·
Macro Markets

Dimon Flags Private Credit Crisis as Defaults Hit Record 9.2%

JPMorgan CEO's shareholder letter exposes deteriorating underwriting and opacity in $1.8 trillion shadow lending market as pension funds face mounting losses.

7 min read ·
Markets Technology

Credit Markets Reprice Software Risk as $25 Billion in Loans Hit Distress

Debt investors are systematically reducing software exposure while equity markets hold elevated AI-driven multiples—a divergence that historically precedes compression.

8 min read ·
Macro Markets

Three Systemic Stressors Drive Equities Into Technical Breakdown

Core PCE at 3.1%, private credit fragility, and crude above $100 combine to unwind Fed pivot expectations and compress margin assumptions — VIX structure confirms selling pressure.

7 min read ·
Geopolitics Markets

First Brands Creditors Face Near-Total Loss as $11 Billion Fraud Unravels Leveraged Loan Market

Court-supervised asset sales yield pennies on the dollar as one of 2025's largest bankruptcies exposes catastrophic failures in private credit due diligence and off-balance sheet financing oversight.

8 min read ·
Markets Technology

Blue Owl Leads $750 Million Debt Package for Vista-Nexthink Deal Amid Private Credit Turbulence

Alternative lender anchors software buyout financing as sector faces mounting AI disruption concerns and liquidity pressure.

7 min read ·
Technology

Private Credit Faces Software Shock as Default Warnings Hit 15%

UBS warns AI disruption could push private credit defaults to unprecedented levels, exposing $600-750 billion in software exposure as the $3.5 trillion market confronts its first major stress test.

7 min read ·
Markets

Credit Contagion Warning: SVP’s Khosla Says Software Selloff Threatens Leveraged Markets

As $47 billion in tech loans trade distressed, a major distressed debt investor warns the decoupling between tight credit spreads and equity carnage may be ending.

7 min read ·