Boyko has become an investor in Plata and Revolut's rival startup, Oninvest sources said

Billionaire Oleg Boyko became an investor in Plata and Revolut's rival startup in Mexico

Blackstone Inc.

Apollo Global Management, Inc.

Ares Management Corporation

S&amp;P Dow Jones Indices <a href="https://www.reuters.com/legal/transactional/wall-street-creates-new-credit-default-swap-index-bet-against-private-credit-2026-04-10/">has launched a</a> new index for the private credit market, which is on the brink of a potential crisis. This is Wall Street's first attempt to "make visible" the risk of the opaque $2 trillion sector and the opportunity to capitalize on its problems. How does it work and who might be interested?

S&amp;P has launched an index for the private credit market, CDX Financials. How will it perform?  

Blue Owl Capital Inc.

Banks sell default swaps to play on temporary distortions in the private credit market

Wall Street banks have started offering investors to bet on problems in private credit

Investors are always too eager to believe promises and too late to spot the risks, says billionaire Howard Marks 

Howard Marks got rich on distressed debt. What lesson does he see in the crash of 1929?

The Carlyle Group Inc.

BlackRock, Inc.

JPMorgan Chase & Co.

Citigroup Inc.

Fears are growing on Wall Street about a potential crisis in the private credit market. Investment firm PIMCO believes the roughly $2 trillion sector is in for a stress <a href="https://www.bloomberg.com/news/articles/2026-03-06/pimco-says-private-debt-should-face-full-blown-default-cycle">test</a>. But a crisis for some is an opportunity for others. Independent analyst Mikhail Zavaraev discusses who can capitalize on the problems of the private lending sector.

Wall Street fears a crisis in the private credit market. Who can capitalize on it? 

Moody's Ratings worsened the outlook on U.S. business development companies (BDC), changing it from stable to negative on the background of growing applications for withdrawal of funds, increasing debt burden and complicating access to financing, <a href="https://www.reuters.com/business/finance/moodys-cuts-outlook-us-bdcs-negative-redemption-pressure-rising-leverage-2026-04-07/">writes</a> Reuters. This decision of the rating agency increases tension in the market of private lending.

Moody's has worsened its outlook on private business lenders in the US. What is the threat to the market?

Just three prominent financiers, including iconic short-seller Michael Burry and the head of JPMorgan, have sounded the alarm in recent days about the growing risks in the private credit market. Here's what they said:

'It's 2007': three Wall Street veterans on the risks of the credit crisis

The fund received $5.4 billion in investor applications during the quarter

Blue Owl says "unprecedented" rise in withdrawal requests. What about the shares?

War in the Middle East. Energy crisis. A spike in inflation. By all canons of macroeconomics, gold should have been rising, but it fell for most of March. The clue to this lies in the cracks that went down in the $2 trillion private credit market, believes Michael Portnoy, senior partner at <a href="https://movchans.com/ru/">Movchan's Group</a>, who manages the Liquid Alpha Income Fund strategy.

Gold prices have collapsed nearly 20% from this year's high. Will they recover? Forecast

Tesla, Inc.

Bharti Airtel Limited

US President Donald Trump is ready to end the US military campaign against Iran even if the <a href="https://oninvest.com/article/cto-nuzno-znat-ob-ormuzskom-prolive-samom-vaznom-v-mire-neftanom-transportnom-uzle">Strait of Hormuz</a> remains partially closed. Gold rose on this background, although persistent geopolitical risks and expensive energy limit its growth potential. About these and other topics - in our review of key events for the morning of March 31.

Main by morning: Trump may end war without supply decision, gold rises

A non-public private credit fund managed by alternative investment specialist Ares Management - Ares Strategic Income Fund (ASIF) - recorded its largest monthly loss ever in February, indicating deterioration in the roughly $1.8 trillion private credit market.

Ares private credit fund records worst monthly performance in history

Morgan Stanley

The private credit market does not pose a systemic risk to the financial system despite redemption requests from individual retail funds, BlackRock CEO Larry Fink <a href="https://www.bbc.com/news/articles/c9wqrdkx8ppo">told</a> the BBC. He also categorically rejected comparisons of the current situation in the markets with the crisis of 2007-2008, which some analysts and researchers said earlier.

Lending