08-05-2025
Private Credit Fund Results Expose Pockets of Market Stress
From a custom tile maker to a funeral service provider, a number of companies financed by private lenders started showing signs of stress in the first quarter, according to recent results from business development companies. Market watchers say the trend is likely to accelerate as effects of the global trade war weigh on borrowers.
Oaktree Specialty Lending Corp. marked down its position in Mosaic Companies, which makes specialty tiles for floors and walls, by 76%, after a sale of the company stalled.
