Blackstone Credit Hits $480B as Q3 Earnings Reflect Exit Freeze
Blackstone Q3 2026 Credit & Insurance AUM hit $480B as total assets reached $1.37T, while distributable earnings fell 9% on slower private equity exits.
direct lending
Apollo Debt Solutions BDC: $1.6B Q3 Originations, 486 Bps Spread
Apollo Debt Solutions BDC originated $1.6B of private debt in Q3 2026 with an 8.80% yield and 486 bps spread across a $25.5B direct lending portfolio.
Private Credit Divide: 12% of Small Loans Face Distress
Houlihan Lokey’s DataBank reveals a divide in private credit: distressed loans jumped to 12% for small borrowers while mega-cap direct lending holds firm.
Private Credit’s $27B Six Weeks: Hayfin, Comvest, Bridgepoint
Three direct-lending mega-funds closed over $27 billion since July — Hayfin, Comvest and Bridgepoint. Inside the wave reshaping private credit.
Fed Launches Pilot Survey of $1.3T Private Credit Market
Dallas and NY Fed will pilot the first regular data pull on private credit after Q3, with initial findings due Q1 2027. Here’s what it will track.
Private Credit’s Q2 Cracks: Ares Caps ASIF Redemptions
Q2 2026 private-credit reads: Ares Capital core EPS $0.47, ASIF pro-rates 14.4% redemption bid, Proskauer default index 2.51%. Where the stress is showing up.
Private Credit Lending Drops 40% as BDCs Gate Redemptions
Private credit loan issuance fell to $45B in the three months through May 2026 — a 40% drop from Q1 — as BDC redemption queues forced gates.
Crescent Capital Closes Record $10.8B Direct Lending Fund
Crescent’s CDL Fund IV closed at $10.8B in investable capital — more than double its 2022 predecessor — as Apollo and Ares cap BDC redemptions.
Citi, BlackRock’s HPS Strike €15B EMEA Credit Deal
Citi and HPS Investment Partners launch a €15B EMEA private capital program — the European sequel to Citi-Apollo, now with BlackRock’s scale behind it.
Blackstone’s $10B Credit Fund: How Private Lending Hit $520B
Blackstone’s Capital Opportunities Fund V closed oversubscribed at $10B. Private credit now rivals the entire high-yield bond market—here’s who’s winning and what risks regulators see.