Surging energy prices are adding to fears of a wave of defaults. And the opacity of the private-credit market has only heightened the anxiety https://t.co/CfgJzCQ1lq ...

Surging energy prices will add to fears of a wave of defaults https://t.co/hB0IJ3DMcC ...

Marathon Asset Management Chair and CEO Bruce Richards explains why he thinks highly-leveraged software default rates could surge and discusses where he is finding investment opportunities on "Bloomberg Open Interest." ...

Fear of rising defaults is spreading from the leveraged loan market to some of the retail funds that ultimately buy the debt as investors get choosier about taking on credit risk. https://t.co/0UnrUbCoB8 ...

Delinquency rates on loans ranging from mortgages to credit cards rose to 4.8% of all outstanding US household debt in the fourth quarter, the highest level since 2017, driven by higher defaults among low-income and young borrowers. https://t.co/BnQ8asFFmQ ...

CREDIT FIRM. VICTOR, WHAT YEAR IT HAS BEEN FOR CREDIT. THIS IS AN INDUSTRY THAT HAS BEEN IN FEARS DEFENSE OF ITSELF, BLUE OWL VOCALLY SAYING YOU ARE WRONG, JAMIE DIMON.THINGS ARE NOT WRONG. YOU MAY BE SIDE A LITTLE MORE WITH JAMIE DIMON IN THIS ARGUMENT. VICTOR: WE ARE LIVING IN A WORLD WHERE IT IS TRULY A K-SHAPED WORLD.TECH, DATA CENTERS, FINANCING THEM, BUILDING THEM, GOING OUT WITH THESE VALUATIONS, THAT IS A VERY HOT MARKET. THERE IS A WHOLE OTHER PIECE OF THE INDUSTRY, THE BOTTOM PART OF THE K. WHEN W ...

Defaults are poised to rise across the $1.7 trillion private credit market next year as a growing number of middle-market firms are experiencing stress, according to Kroll Bond Rating Agency. https://t.co/8EEMeJrLcb ...

A Kazakh bank created through the merger of several local lenders with a history of defaults is the latest borrower to raise a high-risk form of bank capital https://t.co/QG5CqF7eZB ...

Commercial Real Estate Market Overview - US office loan defaults are nearly 12%, apartment loan defaults doubled in the last year, and $1 trillion of commercial real estate needs refinancing by December [1] - Private equity has assembled a $400 billion war chest for distressed commercial real estate [2] - The American commercial real estate market is worth $207 trillion, exceeding two-thirds of the US Treasury market and America's GDP [10] - $15 trillion in US commercial real estate loans needed to be repaid or refinanced by the end of 2025, later data shows it's closer to $1 trillion [28] Sector Performance - Office sector is in critical condition, retail is facing an identity crisis, industrial is exceeding expectations, and multifamily is watching nervously [9] - Office buildings in San Francisco have lost 70% of their value since 2019 [17] - 46% of securitized multifamily loans maturing by the end of 2025 are insolvent, totaling $473 billion in underwater apartment loans [23] - Total commercial real estate distress hit $116 billion by March 2025, the highest in over a decade and up 23% year-over-year [25] Financial Institutions and Lending - Delinquency rate for office loans hit 117% last month, worse than the 107% peak during the 2008 financial crisis [19] - Small banks with under $20 billion in assets hold 561% of all commercial property loans [32] - 25% of the $15 trillion, approximately $35 billion, will be hard to refinance [33] - Deutsche Fund Brief Bank is exiting the US market, writing off a €41 billion portfolio loss [39] Private Equity and Market Strategies - Private equity's war chest has grown to $400 billion, with 64% targeted at North America [41] - Brookfield raised a record $16 billion distressed real estate fund, deploying $18 billion in Q1 2025 [42]

So, John, you sent us some notes. You're in the industry. One of the things that you really highlighted is the growth of private credit.Uh, basically increasing by about 10 times over the last couple years or so. Should that be a sign of worry that so many companies are going outside of traditional financing and turning into private credit. >> No, I don't think it necessarily needs to be to be a worry.I mean, it is very much a scale market. So, you do see a concentration of private credit provided by a hand ...