BDCs

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Research

The Three Bells of June 3: Why Private Credit's Reckoning Has Stopped Being Theoretical

BCRED's first-ever gate, Holly Kim's $500B pipeline and SDNY's valuation probe all landed on the same day. The disagreement is over.

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Research

Three Indices, One Asset Class: Why Private Credit's Default Rate Disagreement Is the Real Stress Signal

Proskauer 2.73%. Fitch 6.0%. KBRA 3.1%. The conversation about private credit defaults is asking the wrong question — and the divergence itself is the most info