Bo Nichols

Private Lenders Wrote the Big Checks This Week. Where Public Buyers Set the Price, It Came In Lower.

Oct 31, 2026

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5 min read

Private Lenders Wrote the Big Checks This Week. Where Public Buyers Set the Price, It Came In Lower.

Apollo-run funds backed SpaceX's $40 billion chip lease and all of ADT's buyout financing. Ares Capital agreed to buy a listed credit fund at about 85% of its stated value. Advent closed near $27 billion as Ares invested 17% less.

Dio Pouerie, +1

Chevron Beat on Refining | OPay Doubled Its Private Mark | ADT's Contract Halves the Fee for Rival Bid

Oct 30, 2026

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5 min read

Chevron Beat on Refining | OPay Doubled Its Private Mark | ADT's Contract Halves the Fee for Rival Bid

Intel closed down about 29%. Gold fell to a 52-week low on a day bonds rallied. Pay after inflation fell over the past year. Three Coinbase insiders set up plans to sell stock.

Dio Pouerie, +1

Amazon's Build-Out Outran Its Cash Flow by $42 Billion Over a Year | Binance Estimates a $6.3 Billion Breach | Ottawa Buys Into Cohere

Oct 30, 2026

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5 min read

Amazon's Build-Out Outran Its Cash Flow by $42 Billion Over a Year | Binance Estimates a $6.3 Billion Breach | Ottawa Buys Into Cohere

Brent is set for a fourth monthly gain. Intel was quoted about 25% lower early Friday. Chevron and Exxon reported before the bell.

Dio Pouerie, +1

Thrive to Pay Tuesday's Price for ADT | Kalshi Doubled | Microsoft Selling Bonds

Oct 29, 2026

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5 min read

Thrive to Pay Tuesday's Price for ADT | Kalshi Doubled | Microsoft Selling Bonds

Apollo funds provided all of the financing commitments for ADT's buyout. DoorDash signed for Instacart, and Instacart fell. Growth beat at 3.4%, and core prices rose as expected. The NYSE's owner plans a U.S. market for Hyperliquid-style futures.

Dio Pouerie, +1

Alphabet Spent Less Than Forecast. It Still Raised $41 Billion | TPG Reported in Talks for Elliott's Ark | Utah Charged Kalshi's Founders

Oct 29, 2026

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5 min read

Alphabet Spent Less Than Forecast. It Still Raised $41 Billion | TPG Reported in Talks for Elliott's Ark | Utah Charged Kalshi's Founders

Growth and price data land at 8:30. Wall Street's record-keeper now turns stocks into tokens. ServiceNow was quoted about 18% lower early Thursday. Amazon and Coinbase report tonight.

Dio Pouerie, +1

The Fed Held 10-2 | Wendy's Buyout | Triton Is Selling Trench

Oct 28, 2026

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5 min read

The Fed Held 10-2 | Wendy's Buyout | Triton Is Selling Trench

Canada raised rates. A buyout firm proposed cash for LCI against a stock deal that has lost value. EQT raised its Kakaku price by 1 yen. Strategy's holders approved daily dividends on its preferred.

Dio Pouerie, +1

Traders Priced a Fed Hold. December Is Open | Warburg's Ingenia Proposal Tops Its Rival | Robinhood's Prediction Markets Out-Earned Crypto

Oct 28, 2026

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5 min read

Traders Priced a Fed Hold. December Is Open | Warburg's Ingenia Proposal Tops Its Rival | Robinhood's Prediction Markets Out-Earned Crypto

U.S. crude was back above $100 early Wednesday. New Zealand held rates by one vote. BCE plans to sell 49.9% of a new tower company to a pension fund. Microsoft and Alphabet report tonight.

Dio Pouerie, +1

Ares to Buy Below Value | Confidence Hit Its Best Level | GM Is Moving

Oct 27, 2026

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5 min read

Ares to Buy Below Value | Confidence Hit Its Best Level | GM Is Moving

Boeing fell after a wider loss than forecast. Ripple signed up Robinhood and BNY for its dollar token. Bitcoin climbed back above $80,000. Advent raised close to $27 billion for a buyout fund.

Dio Pouerie, +1

Gas Is Still $1.21 Above a Year Ago | A Lender Is Testing Loans Against Private Credit Shares | Kakaku Asked EQT to Revisit Its Price

Oct 27, 2026

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5 min read

Gas Is Still $1.21 Above a Year Ago | A Lender Is Testing Loans Against Private Credit Shares | Kakaku Asked EQT to Revisit Its Price

Brent eased toward $115 early Tuesday. Whirlpool now sees a loss for the year. The FTC sued Dollar General over register prices that didn't match its shelves. Nvidia says it will put $3 billion into Meta's stock sale.

Dio Pouerie, +1

SpaceX $40B Private Lenders | Surgery Partners Signed | Brazil's Bets Paid Out

Oct 26, 2026

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5 min read

SpaceX $40B Private Lenders | Surgery Partners Signed | Brazil's Bets Paid Out

The lease rate is not set yet. Bain keeps its stake. An Abu Dhabi investor is recycling fund payouts into AI. Australia's regulator halted at least its third private credit offer this month.

Dio Pouerie, +1

Gas Is $4.29 Eight Days Before the Vote | Exxon and Chevron Closed at 52-Week Highs | A Brazil ETF Sank Premarket | Bitcoin Dipped Under $80,000

Oct 26, 2026

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5 min read

Gas Is $4.29 Eight Days Before the Vote | Exxon and Chevron Closed at 52-Week Highs | A Brazil ETF Sank Premarket | Bitcoin Dipped Under $80,000

Oil eased while regional officials were in Tehran. Galp raised its outlook and still fell 9%. The FT said Bain would stay in Surgery Partners below its old bid. The Treasury sells $69 billion of two-year notes today.

Dio Pouerie, +1

The Fed, Blue Owl and OpenAI All Put a Price on Money by Friday

Oct 25, 2026

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6 min read

The Fed, Blue Owl and OpenAI All Put a Price on Money by Friday

Treasury sells $183 billion of notes around the Fed. Blue Owl reports Oct. 29, a day before a big credit fund pays its exit line. OpenAI expects commitments at $1.25 trillion.

Dio Pouerie, +1

Money Poured Into Private Funds This Week. Getting It Back Out Was the Hard Part.

Oct 24, 2026

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6 min read

Money Poured Into Private Funds This Week. Getting It Back Out Was the Hard Part.

Blackstone took in $63.3 billion and paid about half of BCRED's exit requests. Pantheon raised $6 billion to buy stakes others want to sell. OpenAI's price talks slipped to $1.25 trillion.

Dio Pouerie, +1

Private Equity Sold Fewer | LKQ Pulled Its Forecast | Firms Raised Prices

Oct 23, 2026

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5 min read

Private Equity Sold Fewer | LKQ Pulled Its Forecast | Firms Raised Prices

CVC and GBL reached 74.3% of Recordati, short of the 90% needed to delist. Jio's IPO drew bids for 22 times its shares. A report on tower talks split telecom stocks. CalPERS said it swapped some Big Tech exposure for private equity.

Dio Pouerie, +1

OpenAI's Price Talks Moved Lower | The 10-Year Closed Below 5% as Oil Rose | Bitcoin Funds Swung to Selling | A Ceasefire Bet Hasn't Settled

Oct 23, 2026

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5 min read

OpenAI's Price Talks Moved Lower | The 10-Year Closed Below 5% as Oil Rose | Bitcoin Funds Swung to Selling | A Ceasefire Bet Hasn't Settled

Western Digital guided for up to 72% growth, and its shares swung both ways. Getty won interim court approval for a loan ahead of its deadline. France's private sector shrank, a survey showed, on the day Moody's reviews its rating. The Pentagon barred its staff from betting with inside knowledge.

Dio Pouerie, +1

Blackstone Paid Half of Exit Requests | Power Stocks Sank | 10-Year Below 5%

Oct 22, 2026

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5 min read

Blackstone Paid Half of Exit Requests | Power Stocks Sank | 10-Year Below 5%

Blackstone’s credit fund paid about half of withdrawal requests, yet its shares rose about 8%. Meta’s default swaps hit a record. Traders halved October Fed hike odds.

Dio Pouerie, +1

Brent Held Above $110 as Bonds Rallied | Tech Stocks Fell After Beats | A Legal AI Startup's Value Rose 57% | Bitcoin Funds Bought, Bitcoin Fell

Oct 22, 2026

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5 min read

Brent Held Above $110 as Bonds Rallied | Tech Stocks Fell After Beats | A Legal AI Startup's Value Rose 57% | Bitcoin Funds Bought, Bitcoin Fell

Tesla cut its spending plan by at least a fifth. France's 10-year yield hit its highest since 2002. A court order on Getty's case funding is due within days. Kalshi said it will lend against bitcoin for futures margin.

Dio Pouerie, +1

Meta Took a $25 Billion Ruling in Stride | AT&T Raised Its Forecast and Fell | More Bond Buyers Bid at 5.47%

Oct 21, 2026

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5 min read

Meta Took a $25 Billion Ruling in Stride | AT&T Raised Its Forecast and Fell | More Bond Buyers Bid at 5.47%

A judge ordered Meta to pay $25 billion. AT&T's beat came with weaker fiber pricing. The 20-year bond drew more bids at a higher yield.

Dio Pouerie, +1

Brent Rose Again | Getty's Prepack Would Leave Common Holders Nothing | SpaceX's AI Unit Topped Half Its Sales | A Credit Fund Froze Exits

Oct 21, 2026

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5 min read

Brent Rose Again | Getty's Prepack Would Leave Common Holders Nothing | SpaceX's AI Unit Topped Half Its Sales | A Credit Fund Froze Exits

United is planning on jet fuel well above what analysts assume. Ashtead's offer is 81% above its price before the approach became public. From the close just after, it is about 13%. Bitcoin funds took in about $23 million on Tuesday.

Dio Pouerie, +1

EQT and KKR Bid for Qiagen | Iran Plan | GM Beat and Fell | Switzerland Cleared Bitcoin Fund

Oct 20, 2026

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5 min read

EQT and KKR Bid for Qiagen | Iran Plan | GM Beat and Fell | Switzerland Cleared Bitcoin Fund

Salesforce agreed to pay $47.50 a share in cash for Braze. Pending home sales fell 7.3% in September. Ara Partners closed its first energy fund at its cap. Webull plans crypto perpetuals cleared by Kalshi.

Dio Pouerie, +1

Brent Rose Back Above $111 | Tradeweb Agreed to Pay Mostly Cash for Trumid | A Seoul Listing Broke | Blackstone's Power Fund Hit Its Cap

Oct 20, 2026

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5 min read

Brent Rose Back Above $111 | Tradeweb Agreed to Pay Mostly Cash for Trumid | A Seoul Listing Broke | Blackstone's Power Fund Hit Its Cap

China's factory prices rose 5% in a year. A New York City pension chief says fund costs are creeping up. BlackRock filed for a bitcoin fund with a floor.

Dio Pouerie, +1

Tenstorrent's Private Value More Than Doubled | EnCap Raised $3.5 Billion to Keep Its Royalties | Brent Swung Almost $4

Oct 19, 2026

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5 min read

Tenstorrent's Private Value More Than Doubled | EnCap Raised $3.5 Billion to Keep Its Royalties | Brent Swung Almost $4

KKR agreed to sell 50,000 railcars, held through its insurer, to Ares funds. Bond yields rose with stocks. A builders' index hit a 14-year low. Brussels sent KKR objections over a deal it cleared in 41 days.

Dio Pouerie, +1

Oracle's AI Campus Debt Traded Near 80 Cents | Microsoft Ended an Nscale Site Deal | Oil Slipped After a Weekend of Threats | Disney's Staff Offer Tops Its Character.AI Bid

Oct 19, 2026

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5 min read

Oracle's AI Campus Debt Traded Near 80 Cents | Microsoft Ended an Nscale Site Deal | Oil Slipped After a Weekend of Threats | Disney's Staff Offer Tops Its Character.AI Bid

Nasdaq futures rose after a chip index's longest losing streak since 2008. EQT will pay about 20 times EBIT for Cleanaway. Nine firms said no to tokenized trading of their stock.

Dio Pouerie, +1

Lenders Named Their Price Last Week. Now the Managers Show Their Books.

Oct 18, 2026

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6 min read

Lenders Named Their Price Last Week. Now the Managers Show Their Books.

Blackstone reports Thursday. A big Blue Owl credit fund pays out about 30% of its exit requests Oct. 30. Volta's AI loan has yet to trade.

Dio Pouerie, +1

Lenders Had Money to Spare This Week. AI's Builders Paid the Most for It.

Oct 17, 2026

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6 min read

Lenders Had Money to Spare This Week. AI's Builders Paid the Most for It.

Volta's $5 billion AI loan sold at 95 cents. Direct lenders raised 35% more and lent 28% less. Nine retail credit funds still capped exits.

Dio Pouerie, +1

Bo Nichols

Private Lenders Wrote the Big Checks This Week. Where Public Buyers Set the Price, It Came In Lower.

Chevron Beat on Refining | OPay Doubled Its Private Mark | ADT's Contract Halves the Fee for Rival Bid

Amazon's Build-Out Outran Its Cash Flow by $42 Billion Over a Year | Binance Estimates a $6.3 Billion Breach | Ottawa Buys Into Cohere

Thrive to Pay Tuesday's Price for ADT | Kalshi Doubled | Microsoft Selling Bonds

Alphabet Spent Less Than Forecast. It Still Raised $41 Billion | TPG Reported in Talks for Elliott's Ark | Utah Charged Kalshi's Founders

The Fed Held 10-2 | Wendy's Buyout | Triton Is Selling Trench

Traders Priced a Fed Hold. December Is Open | Warburg's Ingenia Proposal Tops Its Rival | Robinhood's Prediction Markets Out-Earned Crypto

Ares to Buy Below Value | Confidence Hit Its Best Level | GM Is Moving

Gas Is Still $1.21 Above a Year Ago | A Lender Is Testing Loans Against Private Credit Shares | Kakaku Asked EQT to Revisit Its Price

SpaceX $40B Private Lenders | Surgery Partners Signed | Brazil's Bets Paid Out

Gas Is $4.29 Eight Days Before the Vote | Exxon and Chevron Closed at 52-Week Highs | A Brazil ETF Sank Premarket | Bitcoin Dipped Under $80,000

The Fed, Blue Owl and OpenAI All Put a Price on Money by Friday

Money Poured Into Private Funds This Week. Getting It Back Out Was the Hard Part.

Private Equity Sold Fewer | LKQ Pulled Its Forecast | Firms Raised Prices

OpenAI's Price Talks Moved Lower | The 10-Year Closed Below 5% as Oil Rose | Bitcoin Funds Swung to Selling | A Ceasefire Bet Hasn't Settled

Blackstone Paid Half of Exit Requests | Power Stocks Sank | 10-Year Below 5%

Brent Held Above $110 as Bonds Rallied | Tech Stocks Fell After Beats | A Legal AI Startup's Value Rose 57% | Bitcoin Funds Bought, Bitcoin Fell

Meta Took a $25 Billion Ruling in Stride | AT&T Raised Its Forecast and Fell | More Bond Buyers Bid at 5.47%

Brent Rose Again | Getty's Prepack Would Leave Common Holders Nothing | SpaceX's AI Unit Topped Half Its Sales | A Credit Fund Froze Exits

EQT and KKR Bid for Qiagen | Iran Plan | GM Beat and Fell | Switzerland Cleared Bitcoin Fund

Brent Rose Back Above $111 | Tradeweb Agreed to Pay Mostly Cash for Trumid | A Seoul Listing Broke | Blackstone's Power Fund Hit Its Cap

Tenstorrent's Private Value More Than Doubled | EnCap Raised $3.5 Billion to Keep Its Royalties | Brent Swung Almost $4

Oracle's AI Campus Debt Traded Near 80 Cents | Microsoft Ended an Nscale Site Deal | Oil Slipped After a Weekend of Threats | Disney's Staff Offer Tops Its Character.AI Bid

Lenders Named Their Price Last Week. Now the Managers Show Their Books.

Lenders Had Money to Spare This Week. AI's Builders Paid the Most for It.

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