December 3, 2025 
Private-Credit Fears Are Based on Four Myths
In Charles MacKay’s 1841 book Extraordinary Popular Delusions and the Madness of Crowds, he highlights how mass human behavior can lead to irrationality: ‘They go mad in herds while they only recover...
Bloomberg
The Private Credit Sales Pitch Is Getting Much Tougher to Make
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most...
Private Credit Becomes Core as JPMorgan Rethinks 60/40 Model
JPMorgan Chase & Co.’s asset management arm is pitching private markets as essential ballast to investor portfolios amid stretched stock valuations and unreliable bond hedges.
Jeffrey Gundlach Warns of ‘Garbage Lending’ as Private Credit Booms
In markets awash in “garbage lending” and unhealthy valuations, Jeffrey Gundlach is keeping his strategy simple: load up on cash and stay away from private credit.
Private Credit Titans Defend Track Record as Earnings Land Soft
For the first time since a war of words erupted over the risks in private credit in the wake of high-profile collapses, investors are getting hard figures on the state of the...
Private Credit Firm Permira Eyes Takeover of German Tour Company
Private credit lender Permira Credit is in advanced talks to take over German tour operator Berge & Meer, according to the company, another sign of the growing trend of direct lenders moving...
General Atlantic Secures Private Loan to Fund Chicken Chain Deal
General Atlantic Service Company LP has secured a private credit loan from Ares Management Corp. and Nomura Holdings Inc. to finance its acquisition of a stake in Australian chicken chain El Jannah,...
BlackRock Stumbles in Asia Private Credit Push, Forcing Rethink
BlackRock Inc., the world’s largest asset manager, had big ambitions for Asia’s private credit market.
Tom Steyer’s Investment Firm Fills a Private Credit Niche
The private credit market stands at roughly $1.7 trillion, and investor interest in it is only intensifying. Venture debt is one area of the market that hasn’t seen boom times, especially for...
Billionaire Tom Steyer Dodges Private-Credit Hype and Targets Niche Deals
The credit arm of Tom Steyer’s asset management firm is targeting a niche corner of private dealmaking that’s been on a different trajectory to the rest of the market.