The Credit Crunch

TCW: Looking Beyond Cockroaches and Canaries

A Clearer View of Private Credit

19 hrs ago

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February 2026

Three Takes on Blue Owl's OBDC II

Fundraisings from Fortress, Ares, Tikehau, CAPZA and more...

Feb 24

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Q4 2025 Alt Manager Earnings: What the Biggest Firms Are Talking About

Key Takeaways from 400 Pages of Earnings Transcripts

Feb 17

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Oaktree: Dispersion Is Back

Averages shouldn’t be relied upon.

Feb 10

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The Rise of Credit Secondaries

+ Redefining opportunistic credit with Golub

Feb 3

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January 2026

Blackstone: Real Estate Enters the Next Phase of the Cycle

Fundraising includes Churchill's $16 billion Senior Loan Strategy

Jan 27

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Setting Up Private Credit in 2026: A 2025 Debrief

+ Nick's Fund of the Year

Jan 20

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The Evolution of Private Credit in 2026

Perpetual capital, semi-liquid vehicles, and the race for retail

Jan 13

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The State of Private Credit in 2026

Credit Crunch's Q4 2025 Summary

Jan 6

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December 2025

Promote Giving: Why $35 Billion in AUM is Moving to Philanthropy

👋 Hey, Nick here.

Dec 30, 2025 • The Credit Crunch

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Let's Wrap-up 2025

👋 Hey, Nick here.

Dec 23, 2025

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Apollo: Nobody knows what "Private Credit" means.

In an effort to clear things up, Apollo has shared a 125-page deck defining “private credit.”

Dec 16, 2025

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