Inside Blackstone’s $150bn private credit business
Talking Heads 2023: Alts giant has around 10% of global market and hopes to expand its reach by porting quant insights from liquid credit
This article is the second in a five-part series of interviews with people shaping the future of the credit markets. The others will be published here.
There are good reasons to fear the private credit boom is about to become a private credit bust.
The rising rates that have inflated returns from the sector’s floating rate loans are also hurting borrowers. Economic slowdown – and threat of recession – could choke off the earnings that companies need to pay down their debt. And the huge books that
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