Deals
Private Credit Looks to Scale Ahead of Expected M&A Wave
- Blackstone, Blue Owl executives seeing larger transactions
- Firms see opportunity in high-grade debt as spreads tighten
For private credit lenders, a focus next year will be on achieving scale, as the average size of transactions swell and the gates open for mergers and acquisitions, according to Blackstone Inc. and Blue Owl Capital Inc. executives.
“Having scale, and the ability to offer solutions to your clients across liquid, private and structured credit” remains massively important, Michael Zawadzki, the global chief investment officer at Blackstone’s credit and insurance unit, BXCI, said during Bloomberg Intelligence’s 2025 credit outlook conference Thursday.