Private credit

Special-situations managers are increasingly looking for distressed returns without relying on equity-like recoveries.

The speculation follows comments from Jamie Dimon who recently said at a conference that the bank is actively evaluating acquisition opportunities.

Lenders including Ares, Blackstone and Blue Owl are treating AI as a core underwriting variable—separating software winners from businesses vulnerable to automation and disruption.

Secondaries volume could reach $400 billion by 2030 as more use cases are devoloped to generate liquidity.

The CV acquires a diversified, income-generating portfolio of largely first-lien senior secured loans from Arcmont’s 2019 vintage, Direct Lending Fund III.