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Guggenheim Investments President Dina DiLorenzo says the firm is working to launch a nontraded business development company, calling private credit an "important" asset class. She speaks at the Milken Institute Global Conference in Beverly Hills, California.

Pimco bought all $400 million of bonds issued Monday by a Blue Owl Capital private credit fund, according to people with knowledge of the matter. The deal is a vote of confidence for a private credit industry that's been battered by record redemption requests and deepening concerns over valuations, liquidity and transparency. Bloomberg's Sinead Cruise reports.

Marathon Asset Management Chair and CEO Bruce Richards explains why he sees a correction in direct lending. Speaking on "Bloomberg The Close," Richards says software has the biggest problems in direct lending, expecting the default rate to go to 15% in that sector.

Carson Block, founder and CEO of Muddy Waters Research, explains his bearish outlook on credit markets, highlighting expectations for credit spreads to widen significantly. He speaks during an interview on "Bloomberg The Close."

A group of banks led by JPMorgan Chase halted a $5.3 billion debt deal for software firm Qualtrics International after failing to win over investors amid deepening anxiety surrounding artificial intelligence disruption. Aaron Weinman has more on "Bloomberg Deals."

Oaktree Capital Management co-founder Howard Marks warns about "credulousness" being on the rise when asked about the issuance of long-term debt by Big Tech during a fireside chat with Bloomberg's Lisa Abramowicz at the Capital Markets Industry Conference.

Victor Khosla, founder and CIO of Strategic Value Partners, warns about the contagion risk facing the credit market from the selloff in software stocks. He speaks on "Bloomberg The Close."