Mar. 3 at 4:23 PM
$APO CEO: In our private equity portfolio...we have zero software. In our credit book across the totality of the firm, it is a fraction of assets. We run a broadly diversified credit book that is not concentrated in software.
The problem with software is that it was 30% of the levered buy-out market, therefore, it is 30% of the levered lending market & therefore, it is over-represented & subject to attack
Separately,
$BX CEO: “Whenever you get a lot of negative headlines, particularly among the individual investors, you can see a shift in sentiment”
Its BCRED (AUM
$82B) saw redemptions of 7% (
$3.7B) in 1Q26 vs 4.5% in 4Q25 & 1.8% in 3Q25. BCRED did see
$2B new commitments in 1Q26 (leaving it w/
$1.7B in net w/d)
Blackstone CEO says they feel good about the credit quality of BCRED loan.
Rumour: Soros Fund is reportedly buying public BDCs, where the firm likes the loans