Money-Market Yields vs. Private Credit: Are You Actually Being Paid for the Risk?
    Market Analysis

    Money-Market Yields vs. Private Credit: Are You Actually Being Paid for the Risk?

    According to Federal Reserve Economic Data (FRED) , the 3-month Treasury bill yielded 3.84% as of July 16, 2026, a number so unglamorous that most financial media won't even write a headline...

    Jeff Barnes, MBA··9 min read
    Why Cox Capital's BDC Tender Offers Are Priced 15% to 30% Below NAV
    Alternative Investments

    Why Cox Capital's BDC Tender Offers Are Priced 15% to 30% Below NAV

    TL;DR: Cox Capital Partners is offering cash tender offers to investors trapped in three gated private-credit BDCs: HPS Corporate Lending Fund (HLEND), Apollo Debt Solutions BDC (ADS), and Ares Strategic Income Fund...

    Jeff Barnes, MBA··11 min read
    9fin's BDC Watchlist Flags $5.7 Billion in At-Risk Loans, and the Market Already Priced It In
    Alternative Investments

    9fin's BDC Watchlist Flags $5.7 Billion in At-Risk Loans, and the Market Already Priced It In

    TL;DR: On July 16, 2026, debt-data platform 9fin launched a BDC Watchlist flagging $5.7 billion of loans across 157 business development companies (BDCs) as at risk of further deterioration, about 1.9% of the $305.2...

    Jeff Barnes, MBA··10 min read
    Private Credit's Mega-Fund Problem: Five Managers Raised $64 Billion While Retail BDCs Hit Redemption Walls
    Market Analysis

    Private Credit's Mega-Fund Problem: Five Managers Raised $64 Billion While Retail BDCs Hit Redemption Walls

    Five managers pulled in more than $64 billion in fresh private credit commitments during the first half of 2026. Barings raised $19 billion, Churchill Asset Management raised $16 billion, Crescen

    Jeff Barnes, MBA··10 min read
    Mavik Capital's $1B Bet on Distressed CRE: What the 2026 Maturity Wall Means for You
    Real Estate

    Mavik Capital's $1B Bet on Distressed CRE: What the 2026 Maturity Wall Means for You

    Mavik Capital Management is out raising $1 billion for a new fund, VS3, built to buy distressed commercial real estate and commercial mortgage-backed securities (CMBS) before the 2026 loan maturi

    Jeff Barnes, MBA··10 min read
    The BDC Redemption Crisis: Why $15.6 Billion Couldn't Get Out in Q2 2026
    Alternative Investments

    The BDC Redemption Crisis: Why $15.6 Billion Couldn't Get Out in Q2 2026

    Investors asked private credit funds for $15.6 billion back in the second quarter of 2026. Ten of the 16 business development companies that Fitch Ratings tracks couldn't pay it. Their quarterly redem

    Jeff Barnes, MBA··10 min read
    Private Credit Hit $2.1 Trillion. The SEC Just Made It a Top 2026 Exam Priority.
    Alternative Investments

    Private Credit Hit $2.1 Trillion. The SEC Just Made It a Top 2026 Exam Priority.

    Private credit just crossed $2.1 trillion in global assets under management. Same quarter, the SEC put it on the top of the list of things examiners will scrutinize in 2026. I don't think that's a coi

    Jeff Barnes, MBA··11 min read
    Hayfin's €15 Billion Fund Close Shows Where Smart Money Hides From Private Credit Liquidity Risk
    Alternative Investments

    Hayfin's €15 Billion Fund Close Shows Where Smart Money Hides From Private Credit Liquidity Risk

    Hayfin's €15B Direct Lending Fund V close reveals why institutions avoid semi-liquid BDCs. What accredited investors must know before allocating.

    Jeff Barnes, MBA··10 min read