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Bloomberg: Private credit makes a big pivot as direct lending funds shrink

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Bloomberg - August 20, 2026

Private credit makes a big pivot as direct lending funds shrink

Private credit firms are pivoting away from direct lending as BDC fundraising plummeted and record investor withdrawal requests continued to pressure the sector. Stanger data on fundraising and redemption trends was cited throughout, and CEO Kevin Gannon was quoted on the contraction in capital flows.

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