Everything tagged "private credit" across the TickerSpark archives.
Blackstone posted strong second-quarter momentum with distributable earnings up 26% year over year, driven by record inflows, rising fee-related earnings, and growing exposure to AI infrastructure and private credit.
Kayne Anderson BDC earns a Buy on solid dividend coverage, a first-lien-heavy portfolio, and a discount to NAV. Credit risk has risen, but income remains covered and the portfolio is positioned defensively.
Private credit is still attracting capital, but falling direct-lending activity is making deployment, underwriting and liquidity more important than fundraising totals. The risk is not an immediate default crisis; it is pressure to put money to work as eligible deals shrink and marks become harder to trust.
A seven-stock countdown spans direct lending, specialty lending, equipment finance and middle-market credit, with five lower-ranked public private-credit proxies examined in detail.
The June selloff in alternative-asset managers looks overdone if you read it as a systemic liquidity panic, but not harsh enough if you assume redemption caps are a passing headline. The real shift is that Apollo, Blackstone, Ares and peers are being revalued as funding-and-liquidity businesses, not scarcity-premium growth stories.
Blackstone’s fundraising machine is still impressive, but the market is acting like the BCRED redemption cap is background noise when it is the headline that matters. A stock trading at 30.23x earnings does not leave much room for investors to shrug off fresh liquidity-stress signals in private credit.
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