Private credit

Sumitomo Life plans to invest 300 billion yen in private credit

This is the latest push by a Japanese financial firm into alternative assets to boost returns

Singapore-based Wong Wei Ming will assume the role of principal and begin later this month, according to sources.

Apollo makes first hire for Singapore’s S$1 billion private fund

The city-state has recently drawn several international asset managers

Concerns are growing over private credit's exposure to software companies, with fears that AI could materially disrupt their business models.
WHO’S WHO IN PRIVATE BANKING

Private credit: Weathering a perfect storm?

Despite pressures, the industry is growing, as has its potential impact on bank earnings and credit metrics

Wealth bankers rush to calm growing private credit fears in Asia

Wealth bankers rush to calm growing private credit fears in Asia

Regulators in Asia are also increasing scrutiny of the asset class, aiming to protect less-savvy individual investors

Blue Owl Capital's OBDC II had planned liquidity from the jump and there has been little evidence of underlying portfolio distress.
THE WEALTH CODE

Separating signal from noise in private credit

The environment is shifting, and investors should expect more complexity, not less. Private credit is evolving, not unravelling

There are fears that AI will undermine the business model of software companies backed by private credit.
PERSPECTIVE

Should investors worry about a 2008-style shock?

From Iran to private credit, things are unnerving but the wider financial system is better prepared

Morgan Stanley’s North Haven Private Income Fund has almost US$8 billion in assets.

Private credit exodus forces caps at Cliffwater, Morgan Stanley

Private credit funds focused on retail investors are typically required to offer quarterly repurchases of their shares

In response to the liquidity crunch, BlackRock has allowed redemptions up to the 5% limit for the HPS Corporate Lending Fund.
THINKING ALOUD

Acid test for private credit

PRIVATE credit is at a crossroads.

Private credit's long-term leverage has not drastically increased in 2025.

Private credit not in a bubble: Hamilton Lane 2026 market overview

Private markets log the second-highest year for aggregate distributions in 2025

JPMorgan CEO Jamie Dimon says the lender is being more prudent in lending against software assets.

JPMorgan marks down loan portfolios of private credit groups: FT

This applies to borrowings by software firms, which the bank views as vulnerable to disruption from AI