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The decision has impacted a small cohort of JPMorgan’s borrowers.
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Lenders may bear the full downside of AI-driven economic disruption.
Glendon said that private credit lenders are obscuring weaknesses in their portfolios.
It provides growth debt to later-stage tech and fintech firms in Australia and globally.
North Haven Private Income Fund returned roughly $169 million.
India
The proceeds will be primarily used to refinance bonds maturing in late 2026.
Singapore
The company is backed by Warburg Pincus, OTPP, and Mubadala.
It is doing so in partnership with direct lenders and other financial institutions.
The firm’s private credit business now manages around $1.7 billion in assets.
Its $26b HPS Corporate Lending Fund received $1.2b worth of withdrawal requests in Q1.