Blackstone and BlackRock both reported lower values for their private credit funds in the first quarter, driven by markdowns on loans extended to struggling companies. The biggest pressure came from the software sector, where investors increasingly worry that AI is reshaping—or damaging—traditional business models. The update signals tightening credit conditions for riskier private lending.
BlackRock, the world’s largest money manager, is reportedly set to invest in a dollar bond being issued by a unit of India’s Shapoorji Pallonji Group this month. Two people familiar with the transaction said the investment is part of a specific bond deal, underscoring growing foreign interest in Indian dollar debt.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Even as the Nifty faces a $39 billion foreign institutional investor selloff, BlackRock’s Ben Powell says he remains overweight on India. His view rests on normalized valuations and durable medium-term growth, supported by demographics and policy reforms. Powell argues the current foreign withdrawal is driven by short-term concerns—AI-driven risk appetite and an energy crunch—rather than a break in India’s fundamentals.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
