Private Credit Reckoning, OpenAI's $20B Miss, and the M&A Slowdown
About this episode
Private credit BDCs hit record outflows and 6% default rates amid industry shakeout, OpenAI revenue miss erases $170B in AI stock value in one session, global M&A falls 23% as high borrowing costs freeze dealmaking
Chapters
Sources & Citations
Ares, Apollo Among Firms Eyeing Troubled BDCs in Private Credit Shakeup
www.bloomberg.com
Private credit managers explore BDC sales as industry consolidation gathers pace
www.privateequitywire.co.uk
Private Credit BDC Redemptions Surpass Fundraising for First Time on Record
www.bloomberg.com
BDC Non-Accrual Rates Q2 2026: What the Data Shows
angelinvestorsnetwork.com
OpenAI's Revenue Run Rate Nears $50 Billion, Less Than Reported
www.bloomberg.com
OpenAI annualised revenues $20bn less than previously signalled
www.ft.com
OpenAI's Revenue Is Reportedly $20 Billion Lower Than Thought. Nvidia Just Lost $170 Billion
247wallst.com
OpenAI Expects $70 Billion in Annualized Revenue by End of 2026
www.bloomberg.com
X (via legal/finance commentary)
x.com
Global M&A Activity Drops in Q3 2026 as Borrowing Costs Rise
www.globalbankingandfinance.com
Global M&A industry trends: 2026 mid-year outlook - Deals
www.pwc.com
Global M&A deal rush fades in third quarter as rising borrowing costs bite - AOL
www.aol.com