BlackRock in the previous week wrote down the value of a private credit loan to Amazon aggregator to 0 % from 100 % just three months ago.
For now Blackrock's exposure private credit exposure looks manageable.
As long as there is no bursting of an AI bubble, defined by the Nasdaq Compoasite falling more than 35 % from its most recent high.
Then all the leading private credit, private equity players Blackstone, BlackRock, KKR, Apollo, Carlyle, Ares, Blue Owl, TPG, CVC, EQT, Partners Group and all the mid sized private equity firms will face difficulties.

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