Tech Debt Rout Kindles Private Capital Stress
Blistering selloff raises alarm on private equity and credit exposures
Welcome to Going Private, I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at Brookfield’s plans for the future, one specialist lender’s first aid to stressed private credit deals and a $4.5 trillion real estate refinancing opportunity. But first we look at how a shock software selloff is hurting confidence in private capital prospects. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net
For the private credit detractors, it’s been a week to savor. Money markets are agitated, roiled by a rout in software tech assets and a string of macro stress signals.