Blackstone wrote down a private credit loan to zero. For a second time.
The leading private credit, private equity asset management firms Blackstone, KKR, Apollo, Carlyle, TPG, Ares, Blue Owl, CVC, EQT, Partners Group etc. seem to be struggling.
First Brands and Tricolor to which private credit firms had hundreds of millions of exposure collapsed in 2025.
One month ago Blue Owl announced it will hold off redemptions from its OBDC II fund.
And only three weeks ago week Blue Owl announced it had sold 1.4 billion USD of assets to finance OBDC II redemptions.
The leading private credit, private equity asset management firms Blackstone, KKR, Apollo, Carlyle, TPG, Ares, Blue Owl, CVC, EQT, Partners Group etc. will recover from the current crisis in 2-3 years, according to Wolfteam Ltd.'s projections and estimates.
The above forecast is predicated on the AI boom going on and not turning into bust.
If an AI bubble bursts and the Nasdaq Composite falls 62 % from its recent peak, wiping out trillions of USDs in value, the leading private credit, private equity asset management firms Blackstone, KKR, Apollo, Carlyle, TPG, Ares, Blue Owl, CVC, EQT, Partners Group etc. could face solvency issues.
No comments:
Post a Comment