Topic

#Blackstone

2 articles

A pristine bank vault door standing slightly ajar in a dim marble lobby, with a thin red emergency tag hanging from its handle, documentary photojournalistic style
Jun 10, 2026 • 6 min read

Blackstone's Bad Loans Went 0.6% to 4.7% in 90 Days

Blackstone Secured Lending entered 2026 with 0.6% of its loans on non-accrual. Ninety days later the figure was 4.7%, an almost eightfold jump that Moody's answered by cutting the fund's outlook to negative. The trigger was a Thoma Bravo software company. The backdrop is a record 6% private credit default rate and a Fed that war inflation will not let cut.

#private credit#Blackstone#BXSL
An extreme close-up of a green semiconductor chip resting on a stack of blank legal paper, two fountain pens and ink wells slightly out of focus behind it, dim warm chiaroscuro lighting, documentary photojournalistic style.
Jun 2, 2026 • 11 min read

Anthropic Borrowed $36B. Broadcom Cosigned $31B of It.

Apollo and Blackstone are syndicating a $36 billion private credit deal so a shell company can buy Google TPUs and lease them to Anthropic. The senior tranches only price at investment grade because Broadcom, which co-builds the chips, has agreed to pay the shortfall if Anthropic defaults. A near-trillion dollar startup still needs the chip maker to cosign its debt.

#Anthropic#Broadcom#Apollo Global