Software companies are flooding the US private credit industry:
Software loans account for ~20% of all loans deployed by Business Development Companies (BDCs).
BDCs are publicly traded firms that lend to small, mid-sized, and distressed US businesses, offering retail investors access to private credit markets.
Software exposure has now DOUBLED since 2016.
By comparison, Commercial Services accounts for ~19%, with Commercial Products and Healthcare Services representing just ~9% and ~6%, respectively.
Furthermore, private credit funds classify some software loans under different sector labels, meaning true exposure could be significantly higher.
This makes it difficult for investors to accurately assess the amount of risk concentrated in a single sector.
Private credit exposure is becoming highly concentrated in software.
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Software loans account for ~20% of all loans deployed by Business Development Companies (BDCs).
BDCs are publicly traded firms that lend to small, mid-sized, and distressed US businesses, offering retail investors access to private credit markets.
Software exposure has now DOUBLED since 2016.
By comparison, Commercial Services accounts for ~19%, with Commercial Products and Healthcare Services representing just ~9% and ~6%, respectively.
Furthermore, private credit funds classify some software loans under different sector labels, meaning true exposure could be significantly higher.
This makes it difficult for investors to accurately assess the amount of risk concentrated in a single sector.
Private credit exposure is becoming highly concentrated in software.
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Footage of a Ukrainian Flamingo heavyweight cruise missile hitting a Russian target in Novocheboksarsk tonight
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Quick recap of today’s sequence of events: via AnalyzeEducate
“Summary: Resumption of Iranian strikes
- Yesterday, UKMTO reported that a vessel off the coast of the UAE was struck by a projectile. Subsequently, the government of the UAE released a statement saying thag the targeted vessel was an ANDOC national tanker and condemned the Iranian strikes.
- Early Morning: Likely in reaction to the declaration of the U.S.-led Project Freedom, the IRGC-N announced the creation of a new control area in the Strait of Hormuz and threatened to strike violating parties.
- Iran claimed to have targeted and struck an unspecified U.S. destroyer that was in the Strait of Hormuz. CENTCOM subsequently denied that a vessel was struck, but stopped short of clarifying whether or not any vessels were targeted.
-Mid-morning: Iran resumed ballistic missile and drone strikes against the UAE, targeting the UAE’s primary oil and gas export location of Fujairah.
- In response to the Iranian uptempo in strikes and offensive action the U.S. struck 6-7 Iranian fast-craft operating in the locality of the Strait of Hormuz.
- Iran continued strikes against the UAE. At the time of writing, per the UAE Ministry of Defense, since the resumption of Iranian strikes, Iran has launched 4 UAVs, 12 ballistic missiles, and 3 cruise missiles at the UAE. 3 Indian nationals have been moderately injured as a result.
- Gulf nations, including Kuwait, Qatar, and Saudi Arabia, have condemned Iran’s actions.”
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“Summary: Resumption of Iranian strikes
- Yesterday, UKMTO reported that a vessel off the coast of the UAE was struck by a projectile. Subsequently, the government of the UAE released a statement saying thag the targeted vessel was an ANDOC national tanker and condemned the Iranian strikes.
- Early Morning: Likely in reaction to the declaration of the U.S.-led Project Freedom, the IRGC-N announced the creation of a new control area in the Strait of Hormuz and threatened to strike violating parties.
- Iran claimed to have targeted and struck an unspecified U.S. destroyer that was in the Strait of Hormuz. CENTCOM subsequently denied that a vessel was struck, but stopped short of clarifying whether or not any vessels were targeted.
-Mid-morning: Iran resumed ballistic missile and drone strikes against the UAE, targeting the UAE’s primary oil and gas export location of Fujairah.
- In response to the Iranian uptempo in strikes and offensive action the U.S. struck 6-7 Iranian fast-craft operating in the locality of the Strait of Hormuz.
- Iran continued strikes against the UAE. At the time of writing, per the UAE Ministry of Defense, since the resumption of Iranian strikes, Iran has launched 4 UAVs, 12 ballistic missiles, and 3 cruise missiles at the UAE. 3 Indian nationals have been moderately injured as a result.
- Gulf nations, including Kuwait, Qatar, and Saudi Arabia, have condemned Iran’s actions.”
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JUST IN: Iran's President Pezeshkian reportedly incredibly "angry" at IRGC following strikes against UAE today.
The IRGC launched attacks without informing the Iranian government first, Iran International reports.
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The IRGC launched attacks without informing the Iranian government first, Iran International reports.
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JUST IN: The US Supreme Court has officially FINALIZED their order to direct the state of Louisiana to re-draw their maps to eliminate RACE-BASED districts IMMEDIATELY
This is GREAT news
The state must submit a COMPLIANCE PLAN to SCOTUS within THREE DAYS of today’s order, meaning they’ll have to show their plans to remove this egregiously-drawn district ASAP.
Federal courts will be supervising the redistricting to ensure compliance with the Supreme Court’s order
Southern states take note: RE-DRAW your race-based districts, or face ACTION in the US Supreme Court
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This is GREAT news
The state must submit a COMPLIANCE PLAN to SCOTUS within THREE DAYS of today’s order, meaning they’ll have to show their plans to remove this egregiously-drawn district ASAP.
Federal courts will be supervising the redistricting to ensure compliance with the Supreme Court’s order
Southern states take note: RE-DRAW your race-based districts, or face ACTION in the US Supreme Court
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Based woman says that women were programmed by movies and TV to disrespect men and the perfect example of this is the titanic
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Some crazy psycho in LA started harassing a peaceful Christian street preacher. She aggressively grabbed his arm, tried to unplug his mic, and tried to kick his speaker.
Make her famous and let’s send a message, if anyone messes with one of us, they mess with all of us.
Does anyone know who she is? Help me identify her!
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Make her famous and let’s send a message, if anyone messes with one of us, they mess with all of us.
Does anyone know who she is? Help me identify her!
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Ex-JPMorgan banker files wild new claims - including lurid threesome invitation - days after viral with 'fabricated' sex slave allegations
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