Economy

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.

State of the market Q2 2026: Pockets of pressure

According to some, the future is at stake (and perhaps be worried if your firm name begins with ‘B’), but there is little in the way of evidence that private credit faces a crisis that spans the entire asset class.

Apollo beats target on a hybrid fund with $6.5bn close

The strategy that sits between debt and equity is seeing increasing demand from investors.

Apollo breaks $1trn AUM and moves to report daily pricing for credit

CEO Marc Rowan says the totality of the firm’s credit business will be ‘100% daily pricing’.

Apollo holds $1.9bn final close for liquid credit fund

The manager’s deputy co-head of hybrid, Chris Lahoud, says the current moment is one of heightened volatility.

Ares brushes off negative sentiment in Q1 earnings

CEO Michael Arougheti expressed confidence for future dealmaking as the effects of the Iran war normalise.

What makes the European mid-market so resilient?

A confluence of macroeconomic tailwinds and cleverly structured portfolios means that the European mid-market is well placed to endure a challenging credit cycle.

Blue Owl seeks to reassure investors following Q1 earnings

Co-CEO Marc Lipschultz pushes back on the ‘panic’ narrative, saying it is driven by sentiment, not fundamentals.

Moody’s analysts discuss their outlook downgrade for BDCs

Four factors weigh on the sector: leverage, redemptions, asset quality and the risk of obsolescence by AI.