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Edward Dowd, founding partner at OceanSquare Asset Mgmt and ex-BlackRock executive, highlights recent leadership departures in the private credit sector. The first head of BlackRock’s private credit fund resigned in early July, followed by the co-CEO of BlackStone’s $78 billion private credit fund. Dowd suggests these movements are not bullish indicators for the market.
Dowd recently highlighted slowing Wall Street AI investment as private credit activity stalls and enterprise demand weakens in a prior report. Earlier, he noted the Japanese yen had reached its lowest level since 1986, raising intervention risk in another update. His commentary has tracked shifts across asset classes and sectors in recent months.