Matt Wirz

Defaults are creeping higher and yields are slipping lower in loans made by Ares Capital Corp., the nearly $30 billion publicly traded private-credit fund run by Ares Management. Non-accruing loans held by the business development company climbed to 2.1% in the first quarter from 1.8% in December,

The company reported stronger fundraising for its smaller businesses in the first quarter, offsetting stalled growth in its flagship private-credit unit. Shares rallied more than 10%.

The U.S. Securities and Exchange Commission is consulting with the Labor Department on a proposed rule that could put private-credit and other private investments in 401(k) retirement plans, SEC Chairman Paul Atkins said at the Milken Institute’s Global Conference Monday. “We need to be careful to

Apollo’s publicly listed BDC, MidCap Financial Investment Corp., reported a $61 million loss last week.

Lauren Thomas, Matt Wirz Apollo Global Management has been holding talks to sell MidCap Financial Investment Corp., its publicly listed

Apollo Global Management has been holding talks to sell MidCap Financial Investment Corp., its publicly listed business-development company, a type of private-credit fund, according to people familiar with the matter. Apollo values MFIC and its investments at roughly $3 billion. MFIC invest

The firm will invest $300 million in an effort to bolster the fund as loan defaults climb.

Doug Ostrover is selling the last of his stake in the NFL team after the stock of his investment firm plummeted.

Lauren Thomas, Matt Wirz One of the co-founders of private-credit behemoth Blue Owl Capital recently sold the last of his stake in the NFL's Washington Commanders football team.

Read this exciting story from The Wall Street Journal May 20, 2026 issue. Co-founder sheds last of his share in the Washington Commanders