Blue Owls aktiekurs; Cliffwater $42 Billion Private-Credit Black Box
Blue Owls aktiekurs har förlängts till att fungera som en temperaturmätare på hur den amerikanska private credit-marknaden mår.
Att döma av utvecklingen är aktiemarknaden oroad.
Mikael Olsson DI 16 mars 2026
https://www.di.se/analys/fem-skrackgrafer-som-skakar-borserna/
How America’s Banks Are Entangled in Private Credit
Traditional lenders, which have been losing market share to investment firms that make riskier loans in exchange for higher interest rates, have touted their efforts to get a slice of Wall Street’s newest action.
Banks have piled more money into backing the industry in the past year, and analysts say that the industry had exposure to private credit of nearly $300 billion as of last year.
That backing can take a number of shapes, including lending directly to funds, to specific investments or to limited partners in the funds.
Wall Street Journal March 16, 2026
Inside a $42 Billion Private-Credit Black Box
More Black Boxes
Investors are fleeing the $42 billion Cliffwater Corporate Lending Fund, among the latest of its kind to limit redemptions for shareholders.
Many investors appear to believe the private-credit fund’s official net asset value is inflated, prompting them to sell their shares, or try to.
One reason many are rushing for the exits: It can be difficult for shareholders to understand what they own. The disclosures at funds like this often are as impenetrable as they are voluminous.
Cliffwater fund is the largest SEC-registered private-credit interval fund
Jonathan Weil Wall Street Journal March 16, 2026
Ostrover, Lipschultz, Blue Owl and private-credit; Yes, also JPM
https://englundmacro.blogspot.com/2026/03/ostrover-lipschultz-blue-owl-and.html
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