Anonymous23 days ago
JPMorgan Chase has preemptively marked down the value of software-linked loans held as collateral by private credit firms and tightened lending to the sector, a move that signals deepening stress in the $3 trillion private credit market. The action comes amid a broader crisis of confidence driven by AI disruption fears eroding software valuations, record redemptions from flagship funds at Blackstone and Blue Owl, and mounting evidence that the industry's rapid expansion over the past five years may have sown the seeds of its most severe correction since the 2008 financial crisis.