Credit
This as-told-to essay is based on several conversations with Rory Phillips-Hunter, a 37-year-old estate and maintenance manager at a farm in North West England. Born in the Scottish Borders, he is a Scottish national soccer fan, known collectively as the Tartan Army.I was at the game when Scotland beat Denmark…
This as-told-to essay is based on a conversation with Mattie Gardner. It has been edited for length and clarity.My husband and I are in credit card debt. We started at $63,227, and our current balance is $17,401. Back in 2022, we took a big risk and jumped into a building…
Private credit, just recently one of the hottest asset classes for institutional investors to park their money, is losing ground to other strategies, according to a new report from Canoe Intelligence.Private credit accounted for 6.8% of institutional investors’ alternative-asset holdings in the fourth quarter of 2025, down from 9.7% December…
In the time since private credit became Blackstone’s largest business, the sector has gone from star to a thorn in the industry’s side. Loading audio narration… A wave of nearly $20 billion in redemptions from corporate-lending funds for wealthy individuals has left the industry on the defensive. And on Blackstone’s…
Less than a year after BlackRock’s $12 billion acquisition of private credit powerhouse HPS Investment Partners, one of Wall Street’s hottest asset classes is now showing signs of strain. Loading audio narration… But the world’s largest asset manager sounds calm about current concerns.”There’s been a lot of attention on private…
As several Wall Street banks reported first-quarter earnings on Tuesday, executives had to answer for their exposure to the private credit market, which has been under a microscope recently. Loading audio narration… CFO Jeremy Barnum estimated the bank’s exposure to private credit funds was $50 billion.”We’re broadly comfortable with it,”…
