Investors have yanked more than $11 billion out of private-credit funds during the past two quarters. Offsetting that, the funds have brought in $12.4 billion in new money in the past five months through February, though the rate is slowing.
KKR bought a majority stake in 2023 when CoolIT was valued at around $270 million. The firm is now set to make roughly 15 times the equity it invested. The transaction will represent one of the firm’s top returning investments over the past 20 years.
There are about 430,000 U.S. households worth $30 million or more. Within that, there are about 74,000 worth $100 million or more. Over the past few decades, the growth in the number of very rich households has surpassed general population growth.
Software debt accounts for around 30% of all private-credit loans outstanding, while bank-originated debts hover around 10%.
As many apparel tenants are shrinking their stores’ footprints, E-commerce sales accounted for 16.4% of total retail sales last year. This compares with about 8% in 2016.
Corporate landlords own 90.2% of New York City’s multifamily housing stock, while Individuals own the other 9.8%.
Traders now see a 47% chance of a rate cut by December, down from 74% before the Iran war began last month.
Retail leasing by service-oriented tenants outpaced goods-based retail leasing for the first time ever, a reversal driven in large part by a proliferation of salons, spas and fitness studios. Service-based tenants leased just over 50% of total retail square footage in 2025. Fifteen years ago, service tenants accounted for only 40% of total leasing.
The private-credit default rate rose to 9.2% in 2025, up from 8.1% in 2024 and the highest ever for a full year.
