Reported Earlier: 'Blackstone Taking Recent Global Headwinds in Stride, Nides Says' - Bloomberg

Shares of private credit-related companies are trading lower amid possible sympathy with Blue Owl Capital after that company received a "force majeure" notice from Oracle regarding potential timeline slippage at the Project Jupiter data center.

Harvard's Judgment Professor: Numbers Don't Make Decisions; People Do

Reza Satchu, Harvard Business School senior lecturer and serial entrepreneur, argues that judgment—not data or intellect—is the scarcest asset in the age of AI. He discusses how judgment can be taught through deliberate risk-taking and decision-making, and shares his experience walking away from a $1.1 billion buyout offer for his student housing company to eventually sell it for $1.7 billion. Satchu emphasizes that evaluating leadership judgment during crises is crucial for investors assessing company management.

Apollo’s $26 Billion Private Credit Fund Faces Another Rush for Exits

Apollo Global Management has faced elevated redemptions from its private credit fund for the third straight quarter.