BDC Weekly
BDC Weekly: How Meta’s AI Data Centers Are Pulling Private Credit Into Infrastructure
AI used to reach private credit through software borrowers. Now it arrives as a gigawatt-scale infrastructure project with billions of dollars of debt.
BDCs
PFLT
PennantPark Floating Rate Capital: The Monthly Dividend BDC After The Reset
PFLT still offers monthly BDC income. But after the dividend reset, the question is different: whether the new payout leaves enough room for NAV discipline, credit losses, leverage, and joint-venture growth.
BDC Weekly
BDC Weekly: The Rate Tailwind Has Split in Two
The Fed did not give markets a path. It gave them a fork. For BDC investors, the old higher-for-longer trade is splitting into two stories: income and credit.
Private Credit
Asset-Backed Finance And AI Infrastructure: How Data Centers Become Collateral
AI infrastructure is becoming physical enough to finance against. The key question is whether data-center leases, equipment, receivables, and power contracts can produce reliable cash flow.
Private Credit
How AI Infrastructure Gets Financed: The Private-Market Capital Stack Behind Data Centers
The AI boom is not only a chip story. It is a capital-formation story built on power, land, leases, collateral, private credit, asset-backed finance, and long-duration underwriting.
Private Credit
Private Credit Fund Terms Explained: Lockups, Redemption Windows, Gates And Liquidity Risk
Private-credit fund terms are where the liquidity promise becomes real: lockups, redemption windows, gates, caps, proration, NAV marks, and the tradeoff between private assets and investor cash.
BDC Weekly
BDC Weekly: The Funding Test Is Hitting Private Credit
Hercules kept lending, Main Street and Blue Owl worked the liability side, Prospect priced new notes, and Ares put Q2 earnings on the clock. The BDC story is shifting from headline yield to funding power.
BDC Weekly
BDC Weekly: The Fed Is Keeping Money Expensive As AI Raises The Demand For Credit
The Fed is keeping the price of money high just as AI infrastructure is creating a new capital-demand shock. BDCs are where the private-credit squeeze becomes visible.
Private Credit
Who Finances AI Data Centers? The Capital Stack Behind The AI Boom
QQQ owns the visible AI story. The data-center financing stack shows the hidden credit, real-estate, infrastructure, and private-market layer underneath it.
Private Credit
Private Credit’s Discipline Cycle Has Started
A financial machine had a decade of favorable weather. Now the weather changed, and we are learning which parts were engineering and which parts were marketing.
BDCs
The BDC Stress Map: Where Private Credit Pressure Is Starting to Show
Private credit stress will not hit every BDC at once. It will show up first where NAV pressure, non-accruals, PIK income, dividend coverage, and market discounts start telling the same story.
Private Credit
What Is the Private Credit Crisis?
Private credit is not collapsing in one dramatic moment. The stress is moving through redemption gates, borrower cash flows, dividend coverage, and trust in private loan marks.