US market today: Blackstone, BlackRock cut value of their private credit funds
Published on: May 7, 2026, 11:47 p.m. | Source: The Economic Times
Blackstone and BlackRock asset management firms reported declines in their private credit fund values for the first quarter. This reduction was attributed to markdowns on loans to struggling companies, particularly in the software sector, with concerns over AI's impact on business models cited as a contributing factor.
