Risk Management

Apollo bet against software makers exposed to AI (APO:NYSE)

Apollo Global Management (APO) bet against software makers vulnerable to artificial intelligence and cut its credit exposure to the sector. Read more here.

Corporate-Bond Investors Party as Hangover Looms: Credit Weekly

Fear is drifting out of the corporate-bond market again, even if the risks aren’t.

Pension fund says buyer beware as retail rush reshapes private markets

Chief executive urges disciplined due diligence as private credit speeds up and retail capital surges

BX: AI-driven infrastructure, private credit, and wealth channels fuel growth amid resilient markets

Resilient economic trends and the AI CapEx cycle are driving strong investment activity, with major focus on data centers, energy, and private credit. Wealth and real estate channels show growth ... BX:...

Elizabeth Warren Calls for Private Credit Stress Test Post Bankruptcies

US Senator Elizabeth Warren is advocating for increased oversight of the private credit market. Following recent bankruptcies, she warns that these failures may only represent the beginning of potential financial ... Elizabeth...

Iowa Public Employees eliminates smart beta target as it moves to reduce volatility, weather downturns

Iowa Public Employees Retirement System eliminated its smart beta target and hiked targets to public credit, core and core-plus fixed income.

You won’t see a private credit crisis until it’s too late

WATCH: Gresham House CEO Tony Dalwood said: ‘You never know when the blue touch paper will happen’, suggesting it’s impossible to predict systemic risk in private credit.

Morgan Stanley: The good, the bad and the ugly in private credit PIK deals

WATCH: David Miller, head of private credit and equity, says interest payment deferrals are on the rise, but that Morgan Stanley keeps PIK deals below 3% in its direct lending ... Morgan...

Private credit is beginning to look like the bond market — and that comes with red flags

Private credit is starting to resemble the public debt market, as its expansion blurs lines that once separated private and public debt financing channels.