What’s News in Earnings: Can AI Investments Help Private Credit’s Recovery?
Summary
Wall Street Journal reporters Matt Wertz and Anna Maria Andriotis analyze earnings from major private investment firms like Blackstone, KKR, and Blue Owl. They discuss the slowdown in private credit fundraising and losses from AI-threatened software bets, noting that while client redemptions are easing, challenges persist. The episode highlights how these firms are pivoting to AI infrastructure investments, such as data centers, to drive future growth amid mixed economic signals.
Topics discussed
Intro: ReliaQuest ad and show overview
Private equity firms face stock declines and deal gridlock
Slowing inflows in private credit funds
Losses from AI-threatened software investments
AI infrastructure deals as a rebound springboard
Economic slowdown risks for loose underwriting
Outro and credits
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