Blackstone Sees Tight Credit Spreads Fueling Private Debt Boom

Razor thin corporate bond spreads are underpinning a global investor push into private markets, which can pay significantly more, according to Blackstone Inc.

“We see excess spread in private credit,” Michael Zawadzki, chief investment officer of Blackstone’s credit and insurance group said on the latest Bloomberg Intelligence Credit Edge podcast. “That’s a really attractive thing for our clients around the world.”