Insights
Private Credit: events that moved it
Direct lending to companies, typically senior and secured. This page gathers the pieces in our Insights archive that touched private credit: what happened, what it meant for this kind of investment, and where to read the original reporting.
Market-history pieces are retrospectives, dated by the event. They are general information, not advice, and not a record of any RockLake position at the time.
Market history · 6
Private credit ·
Blue Owl caps withdrawals from two private credit funds
Investors asked for about $5.4 billion back in a quarter; the manager paid out a fixed share of each request.
Private credit ·
Tricolor and First Brands: two failures that unsettled private credit
A subprime auto lender and an auto-parts supplier collapsed within weeks, raising questions about hidden debt and double-pledged collateral.
Alternatives ·
Harvard and Yale sell private equity stakes
Two of the best-known endowments sold stakes in their private equity funds, putting a spotlight on the secondary market.
Banking ·
Silicon Valley Bank fails
A $42 billion single-day deposit run brought down the 16th-largest US bank.
Real estate ·
Brookfield defaults on two Los Angeles office towers
About $784 million of loans on downtown offices went unpaid as rates rose and tenants stayed away.
Private credit ·
Greensill Capital collapses
A supply-chain finance firm that had sought a $7 billion valuation filed for insolvency after Credit Suisse froze about $10 billion of funds.
Explainers · 8
Investor education
How to read a performance projection
What a modelled return figure is — and isn't — telling you.
Alternatives
Private markets, public scrutiny
Due diligence standards are converging across asset classes.
Liquidity
Liquidity: the cost you only notice when you need cash
How lock-ups, notice periods and thin markets change what an investment is worth to you.
Credit
What a credit rating tells you, and what it does not
A short guide to ratings for bonds, loans and governments.
Alternatives
Why private assets look calmer than they are
Valuations that are updated rarely can hide the volatility underneath.
Central banks
How interest-rate cycles move different assets
Why a change in central bank policy rarely affects every holding the same way.
Private credit
Private credit: what can go wrong
Higher yields come with risks of default, of documentation and of access to your money.
Investor education
How to use our market-history archive
Browse by year, by series or by the asset class an event affected, and follow each source to the original.
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