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As investors focus on rising redemptions in BDCs and interval funds, cracks and vulnerabilities in the private credit market are beginning to show, including an overlooked risk in the life insurance industry, as Marblegate Managing Partner Andrew Milgram explained in a recent interview with Axios.  Life insurers have become a primary source of capital for… Read More

Marblegate Managing Partner Andrew Milgram told the Financial Times we see the best opportunity for transformational capital in decades. The data is clear. According to the 2025 Shared National Credit Program, nearly $600 billion in troubled loans sit on bank balance sheets, and private credit shows declining quality. Margins have shrunk, profitability has fallen, and… Read More

In the March edition of Private Debt Investor, Robin Goldwyn Blumenthal explores how frenzied activity in the secondaries market is being driven by GPs and LPs seeking liquidity to manage portfolio risk. According to PDI’s research, credit secondaries jumped to 11% of private credit’s total fundraising in 2025. But, as Marblegate Asset Management’s Managing Partner,… Read More

Marblegate, in partnership with RapidRatings, recently updated its analysis of the performance of U.S. middle market companies relative to their larger public peers. Our latest update highlights a critical inflection point for private middle-market companies. Drawing on 2024 data from RapidRatings, this white paper reveals accelerating bankruptcies, unprecedented leverage growth, and deepening profitability pressures exacerbated… Read More