Stress in the US private credit market is intensifying:

Investors requested a record -$15.6 billion in redemptions from private credit funds in Q2 2026.

This marks the 3rd consecutive quarterly increase by a total of +$13 billion, or +500%.

Furthermore, just 38% of these requests were met, down from 53% in Q1 2026, leaving $9.7 billion in unmet redemptions, the largest backlog on record.

Blue Owl's flagship fund, Blue Owl Credit Income, was the most impacted at 19% of shares outstanding, with 14% unmet, the highest redemption rate among its large competitors.

This was followed by Apollo, at 16% requested with 11% unmet, and Ares, at 14% requested with 9% unmet.

Meanwhile, inflows into the private credit industry declined -75% since January to ~$500 million in May, the smallest monthly intake in at least 18 months.

The private credit crisis shows no signs of slowing.

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US small-cap companies are facing a massive interest burden:

Interest expense now accounts for 31% of EBITDA in Russell 2000 firms, the highest in at least 6 years.

This percentage has more than doubled since 2020.

By comparison, S&P 500 companies now carry interest expense equal to 6.7% of EBITDA, down from 9.5% in 2020.

This comes as ~30% of corporate debt in Russell 2000 companies is tied to floating rates, compared to ~7% for the S&P 500.

Meanwhile, a near-record ~40% of small-cap companies in the index remain unprofitable.

Small-cap firms are in desperate need of lower rates.

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They believe in karmic retribution.

As long as they “tell you” what they are doing or going to do through their demented story telling - they feel you have tacitly agreed to it, absolving them of any wrongdoing.

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Also side note, this entire cast and crew jumped on the Jussie Smollett “hate crime” hoax

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Applied hoemath

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This is 90% of long term relationships with women

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BREAKING: Rosa Farts 2 is coming soon to a train near you

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󠁧󠁢󠁥󠁮󠁧󠁿 A Mexican fan shot his TV after Mexico's World Cup elimination.

When passion turns deadly

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I’m taking them all

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BREAKING: Korea Exchange briefly halted program selling as KOSPI crashed -5.7%.

Samsung and SK Hynix, which together make up 50% of the index, fell -6% and -4.5%.

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Only in the UK will you need a river licence to paddleboard but don't need any paperwork to cross the channel in a dinghy.

"We don't make the rules" they say.

Yes, you just brainlessly follow orders.

YT: RossMathieson

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Why does Dino Mommy always have googly eyed nipples?

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GM

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Authorities in Mississippi have recovered a body believed to be that of 18-year-old Nolan Xavier Wells, who went missing after he was last seen on Horn Island on July 4

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Dude is an irl sports anime character

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I believe European man shares a special kinship with the higher creatures of the ocean: the whales, dolphins and the octopi. These special animals recognise our elevated moral sentiments and loft ambitions, but also our playful spirit. This is why orcas attack migrant boats

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