A planned asset sale by New Mountain is drawing attention as a gauge of the private credit market. Although details remain behind paywalls, the transaction could reveal pivotal insights into how private lenders assess risk and opportunity going forward.

PIMCO President Christian Stracke is sounding the alarm on the private credit market, cautioning that corporate direct lending is beginning to show signs of trouble. At the same time, he remains steadfastly optimistic that asset-based finance will offer a more stable path for investors and borrowers.