Analysis

Medallia taken over by Blackstone-led creditor group

The creditor trio will inject $150m to reduce Medallia debt, in addition to $500m from the company to invest in AI efforts.

Stable outlooks for ‘vast majority’ of rated BDCs: KBRA

But cap raises at the top five perpetual life BDCs declined 50% year-on-year and profitability is pressured.

Blue Owl’s liquidity event: The OTF notes

The top three exposures in the publicly traded technology BDC are software, software apps and healthtech.

BCRED caps repurchase requests: feature or bug?

Blackstone, facing 10% redemption requests, adds to the recent spate of redemption limits from BDCs as outflows rise.

ACC, Configure: Stress appears contained, but lenders are taking no chances

Although AI disruption and other threats remain increasingly relevant, Houlihan Lokey data shows resilient portfolio dynamics.

Moodys shifts outlook of Blackstone, Golub public BDCs to negative

Both BDCs will retain their investment-grade ratings despite the pessimistic near-term outlook.

S&P, Moody’s say resilient borrowers entered a vulnerable window in Q1

Two reports agree on the challenges and apparent ‘calm’ of 2026, but suggest different views of what comes next.

Shamrock Capital holds final close on $813m media, entertainment fund

The latest vintage of the series, which previously held rights to Taylor Swift’s catalogue, continues its focus on acquiring cashflow-generating assets.

KBRA: A Medallia default would cause widespread, but not catastrophic effects

If the customer/employee management platform defaults, more than $5bn of equity value would be at risk of being erased, report says.

Antares closes third senior loan fund with $8.5bn in capital

The Chicago-based manager beat its target fundraise, deploying 30% of the fund’s commitments as of the final close.