Why AI Worries About Software Are Hitting Private Credit
After the pandemic, software companies became a favorite among private market lenders.
Private Markets
More on Private Markets
Hilary Wiek: Perspective on Private Markets
PitchBook’s principal fund strategies analyst provides a lesson in the parlance of private markets as they open to a broader spectrum of investors.
How Semiliquid Managers Can Hide Fees
Incentive fees are occasionally disclosed but continuously collected.
Bank Stocks Fall on Macro and Private Credit Concerns
We see US banks as well capitalized but the sector is roughly fairly valued.
Lessons From a Private Markets Bust: Why This ETF’s Investors Missed Out on SpaceX Gains
SpaceX’s valuation has soared, yet ERShares Private-Public Crossover ETF’s investors have seen little benefit.
Blue Owl Offers a Harsh Lesson for Semiliquid Fund Investors
Analyzing the saga of this private credit BDC.
Blue Owl Disclosure Drives Down Share Prices of Alternative Asset Managers
This is a warning sign for the industry and the rule makers about the downside of illiquid funds.
Private Credit Quality Continues to Weaken
Downgrades dominate and defaults are rising, according to Morningstar DBRS data.
Why Alts Manager Stocks Are Getting Hit Hard
Jitters about private credit markets are among the reasons that Blackstone, Apollo, and others are seeing their stocks post big declines.
Private Fund Gains Might All Be Artificial—and AI Has Nothing to Do With It
How NAV can be manipulated to make gains in secondary funds, and why investors should be cautious of managers marking their fund’s value instead of the market.
Smart Investor: Dividend Aristocrats, AI’s Electricity Issues, and a Private Credit Fund Takes a Hit
Wrapping up our coverage of the markets and the week.
BlackRock TCP Capital’s Tumble Was More Than Just Private Credit Risk
With a hefty dose of leverage, even a little trouble was bound to be big.
Why There Is a Lot Less Junk In the High-Yield Bond Market
Much of the riskiest debt is now found in the leveraged loan or private credit market, not high yield.
Leyla Kunimoto: Why Investors in Private Markets Need a Louder Voice
The founder and editor of Accredited Investor Insights on performance measurement, disclosure issues, and liquidity considerations for private equity and private credit.
Public Meets Private: Introducing a New Morningstar Newsletter
Keep up with the latest news and trends as private markets open to new investors.
4 Investing Ideas for 2026 From Great Money Minds
Key takeaways from my conversations with top portfolio managers, strategists, and economists on The Long View podcast.
Private Credit Quality Likely to Deteriorate in 2026, Morningstar DBRS Outlook Shows
We expect worsening credit profiles for both high- and low-quality borrowers.
Bluerock’s Listing of a Fund-of-Private Funds Squeezes Investors
Liquidity and market pricing come at a steep price.
Hidden Fees, Hidden Dangers: Why a House-Passed Plan Threatens Investor Protection
A provision in the legislative package would allow mutual funds to hide billions in fees from investors, all in the name of helping small businesses.
Why a Lack of Fear Around Private Credit Won’t Protect Investors From Risk
Why institutional investors’ retreat from private equity should signal caution, and what financial history can tell us about the dangers of unrealistic return expectations in increasing frothy private markets.
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