Private Credit

[CosmicCowboy]

Shit is getting crazy. Loose lending standards and too much easy money chasing too few smart deals is gonna blow up just like the mortgage crisis. I literally get three to four emails or texts a day wanting to loan me hundreds of thousands of dollars funding the next day with no personal guarantee. The spread is 1% a month but what is the default rate?

[Blake]

Same old shit. Banks will cry they need bailout and they'll get it from Trump

[DMX7]

Shit is getting crazy. Loose lending standards and too much easy money chasing too few smart deals is gonna blow up just like the mortgage crisis. I literally get three to four emails or texts a day wanting to loan me hundreds of thousands of dollars funding the next day with no personal guarantee. The spread is 1% a month but what is the default rate?

You get these e-mails from who?

[CosmicCowboy]

You get these e-mails from who?

Multiple private credit outfits. They aren't subject to any regulations like banks. They offer individuals,pension funds, banks etc above market returns using their new loans as collaeral and then reloan the money at a higher interest rate. Several have already gone broke and had criminally pledged the same assets to multiple investors. The more in the private credit market competing for the same "customers" the looser the lending standards get.

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreihgp76ye366yzebix2my6uwdzklreormk77xljjt7ia4 7vxm3rl6e@jpeg

[Winehole23]

BlackRock redemptions gated


The world’s largest asset manager just blinked — and private credit’s decade-long fairy tale may never read quite the same way again

On the morning of Friday, March 6, 2026, a brief corporate statement landed in the inboxes of financial advisers and institutional allocators across the globe. It was measured in language, careful in tone, and deliberately framed as routine. But in the tightly wound world of private credit, where perception is almost indistinguishable from reality, the announcement carried the force of a thunderclap.

BlackRock Inc. had curbed withdrawals from one of its biggest private credit funds after client requests for redemptions spiked — the latest sign of retail anxiety rippling through the $1.8 trillion private credit industry. Bloomberg (https://www.bloomberg.com/news/articles/2026-03-06/blackrock-s-26-billion-private-credit-fund-limits-withdrawals) The fund in question: the $26 billion HPS Corporate Lending Fund (https://www.hlend.com/), known by its ticker HLEND, a non-traded business development company (BDC) that BlackRock controls following its landmark acquisition of HPS Investment Partners. The numbers were stark, the implications starker. Shareholders had requested the repurchase of 9.3% of their shares — but management decided to cap the buyback at 5%. Bloomberg (https://www.bloomberg.com/news/articles/2026-03-06/blackrock-s-26-billion-private-credit-fund-limits-withdrawals) BlackRock’s HPS Corporate Lending Fund received withdrawal requests worth $1.2 billion in the first quarter, or roughly 9.3% of its net asset value. HPS Investment Partners told investors it would pay out $620 million as part of the quarterly redemption, hitting a 5% threshold that allows the asset manager to restrict further withdrawals. U.S. News & World Report (https://money.usnews.com/investing/news/articles/2026-03-06/blackrock-limits-withdrawals-at-private-credit-fund-as-redemptions-mount)https://economy.com.pk/the-redemption-wall-blackrock-caps-private-credit-withdrawals-as-1-2-billion-in-exit-requests-expose-industrys-liquidity-fault-line/

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreigk5ks6uudboxqkniiwbqoln3dpyhxjb7omufsg6rmcr 7ligtt3py

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreiam2xwu2kt4qpvwf52ej5frl7jakx5lifgtpcfianv7d 3efre5eui

[CosmicCowboy]

https://www.cnbc.com/2026/03/24/moodys-private-credit-fund-kkr-future-standard-junk.html