BlackRock wasn’t about to let fast-trading investors spoil its Meta financing victory.

Beneath the surface of buoyant credit markets, a shakeout is building for leveraged deals made years ago, as well as for direct-lending funds that are grappling with an extended period of investor withdrawals.

DoubleLine Capital’s Jeffrey Gundlach is repositioning some of his funds for the extreme scenario that the US government could choose to restructure its debt in response to a potential future recession.

DoubleLine Capital’s Jeffrey Gundlach is repositioning some of his funds for the extreme scenario that the US government could choose to restructure its debt in response to a potential future recession.

Even in the world of private credit, which for months has pitted skeptics against true believers after some high-profile blowups, the difference of opinion has reached new heights in the past week.