Analysis, education, and perspectives on debt markets, credit, and the leveraged finance industry — written by members, for anyone serious about credit.
How Blue Owl's non-traded BDC crisis mirrors the structural failures of the 2008 financial crisis — and what it reveals about the tension between liquidity promises and illiquid private credit assets.
Read ArticlePrivate Credit
An exploration of the structural flaws behind Blue Owl's OBDC II crisis, the parallels to pre-GFC financial engineering, and where the BDC model goes from here.
How NAV loans provide private equity sponsors with strategic flexibility to optimize exit timing and enhance portfolio returns.
How a passion for understanding debt markets led to the creation of SDSA and our mission to prepare undergraduate students for careers in leveraged finance.