Private Credit

Business development companies are generally seen as a proxy for the $1.7 trillion private credit market. Now, their struggles are indicating a weakening industry.

Shares of many publicly-traded BDC funds have dropped since the start of the year. 

Blackstone Secured Lending Fund is down around 21% year-to-date with Blue Owl Capital Corp. dropping 19% and Ares Capital Corp. dipping roughly 12%

Bloomberg 9 October 2025

https://www.bloomberg.com/news/articles/2025-10-09/private-credit-investors-sour-on-funds-as-rate-cuts-hurt-payouts


The private credit market $1.5 trillion

Plender - As the IMF has warned, the rise and rise of private credit brings systemic risks

https://englundmacro.blogspot.com/2025/04/experience-shapes-expectations.html


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