Deals
Alacrity’s Lender Talks Mark Latest Dent in Private Credit Armor
- Blackrock-owned firm is discussing restructuring with lenders
- JPMorgan analysis suggests private credit default rate of 5%
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Alacrity Solutions has entered into restructuring talks with its private credit lenders less than two years after the insurance claims manager was acquired by BlackRock Inc., according to people with knowledge of the matter.
This marks the latest large restructuring to come to light in the private credit world this year, as companies continue to grapple with higher rates and private credit managers struggle to stay ahead of potential losses. Pluralsight Inc. restructured earlier this year and lenders took the keys to the business.