Private Credit - Solomon Grey Capital

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Private Credit

The $12 Billion Quarter: Why Private Credit's Redemption Wave Is About Plumbing, Not Credit

The Q2 outflows are not a verdict on loan quality. They are a verdict on a product structure that was sold as semi-liquid to clients who wanted fully liquid. The trade is in the platform stocks, not the BDC NAVs.

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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

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Research

Private Credit's Normalization: Why the Cycle Turn Is About Who Owns the Franchise, Not Whether It Survives

The FSB, Bloomberg and the WSJ wrote the same private credit story in ten days. Rowan and Breeden named the same three risks 24 hours apart.

Public market volatility diverging from steady underlying credit fundamentals

Research

Private Credit's Bifurcation: Liquidity Panic, Not a Credit Crisis

Public BDCs are pricing in 10%+ default rates while realized losses sit at 0.7%. The retail wrapper is breaking, the underlying loan book is not. We see a generational entry point for selective BDC equity and a structural opening for institutional capital.

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Private Credit

Asia Private Credit Expansion: The $1 Trillion Shift

Asia Pacific private credit AUM crossed billion in Q1 2026, up 28% YoY. JPMorgan forecasts doubling to trillion by 2028.