What Risk Is Actually Rising in Private Credit?
Coverage ratios are deteriorating quietly at the borrower level, and private credit's link to traditional banking is tighter than headlines suggest.
Every piece I've written for Seton Hall's student-run finance publication, covering private credit, M&A, fintech, and the businesses behind the headlines. Most recent first.
Coverage ratios are deteriorating quietly at the borrower level, and private credit's link to traditional banking is tighter than headlines suggest.
EA's $55 billion go-private deal became the largest leveraged buyout in history and reshaped how investors are thinking about the future of gaming. Here is what the deal signals for the industry.
Klarna's IPO marked a turning point for the buy now, pay later space. Here is how the company got to this moment and what its public debut means for the broader fintech market.
Trump's funding cuts forced Yale and Harvard to liquidate billions in private equity holdings. These endowments don't just generate returns; they fund the research behind gene editing, clean energy, and AI. The cuts have consequences far beyond campus.
Trump's 90-day tariff pause triggered some of the most volatile trading since COVID-19. The Russell 2000 is in bear market territory. Every major index took a hit. History says don't panic, but the uncertainty is far from over.
Klarna built a strong case for its IPO: 90 million users, 24% revenue growth, and a profitable 2024. Then Trump's tariffs wiped $2.4 trillion from the S&P 500. The fundamentals are real, but the timing is brutal.
Trump's trade war erased $5 trillion in U.S. market value and sent investors rushing toward gold, TIPS, and domestic manufacturing. The playbook depends on your risk tolerance: rotate to defensive assets or buy the dip and wait.
Strategy owns more Bitcoin than any corporation on earth, and hedge funds are profiting from both sides of its volatility. With Bitcoin crossing $100,000, the case for crypto in institutional portfolios is no longer a fringe idea.
A Chinese AI built for $6 million just triggered a $589 billion single-day loss for Nvidia. DeepSeek is AI's Sputnik moment. The panic is understandable, but history says competition like this is what drives the biggest leaps forward.
Nvidia posted $35.1 billion in Q3 revenue, up 94% year over year, and still missed the market's expectations. Data center growth is slowing. For a company valued at $3.5 trillion, good enough is never enough.
Trump's re-election sent Bitcoin past $92,000 for the first time. A proposed U.S. Bitcoin reserve, domestic mining push, and SEC leadership change are fueling the optimism. The policies aren't implemented yet, so the risk is still very much alive.
India's M&A activity surged 66% in 2024 while IPOs raised over $12 billion. J.P. Morgan, Deloitte, and Morgan Stanley are all paying attention. The long-term case is strong, but the entry risk is real.
China's stock market surged 16% on government stimulus and real estate reforms, drawing global hedge funds and billions in ETF inflows. History says proceed with caution. This looks more like a short-term opportunity than a structural shift.
Apollo and State Street are proposing the first ETF to blend public and private credit, giving everyday investors access to a market that has nearly tripled in a decade. The liquidity workaround is innovative, but the concentration risk is real.