Episode Details

This video is a clip from BND: Strategy Room Live Stream on April 18, 2026. As redemption requests continue to increase for Private Credit funds, Apollo CEO Marc Rowan thinks that ‘everyone is an idiot’. BlackRock is faring better than some of its peers including KKR, Apollo, Blue Owl, and Blackstone. Meanwhile regulators are starting to look hard at the insurance industry and its exposure to Private Credit through investments and life insurance, specifically annuities. Life insurance companies have built up an approximate $1 Trillion dollar exposure to Private Credit. During earnings calls bank executives continue to downplay their exposure and risks to the Private Credit Market. KeyCorp CEO Christopher Gorman believes that the problems in Private Credit will lead to increased lending opportunities for banks in the future. Large banks are working with S&P Global to launch an index of credit-default swaps that would protect buyers against defaults by companies in the index. The index will be called CDX Financials. Thus giving investors a way to short the Private Credit Market. All this while individuals like Jeffrey Tucker and publications like Bank Director begin to ask the question is the Private Credit Market falling apart?