Research Library

Blake Huber

During the last year, the main-stream financial media has been replete with stories extolling the imminent failure of Private Credit Lenders. This presentation takes an objective look at the numbers inside the Private Credit industry to ascertain the validity of forecasts for the demise of the sector.

Blake Huber

Up until last month, the market priced in 2 additional interest rate cuts for 2026. After the Federal Reserve meeting in March, the market is now pricing in a rate increase in Q4 of 2026. This is a dramatic swing of 75 bps of tightening. Despite comprehensive calls for a U.S. recession in the last 2 years, the opposite appears to be occurring. There is wide-ranging evidence the economy is accelerating. This acceleration is unwelcome as inflation is still dramatically above the Federal Reserve target of 2% and will be exacerbated by expanding economic pressures.