Everything tagged "private credit" across the TickerSpark archives.
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.
Blackstone’s scale in alternatives keeps driving fee growth, with AUM above $1.3T and strong momentum in credit, infrastructure, and private wealth. Valuation is not cheap, but recurring fees and fundraising strength support a Buy view.
Seven private credit stocks ranked by investment quality — Blackstone Secured Lending, Golub, and Main Street Capital all place, while the top two spots close out the countdown.
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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