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Private Markets

Private Credit Isn't a Ponzi Scheme

Big Tech is Levering Up

AI-related issuance has become the largest segment of the investment grade market

Private Equity's Uneven Recovery

Large-cap private equity is recovering. Middle market isn’t.

2026 Private Credit Outlook

Private Credit Has Too Much Software

Investors are uneasy over private credit's exposure to the industry.

PE Returns are Falling Behind

Private equity is lagging public markets as it grapples with a new market environment