# Troubled loans, especially from software firms impacted by artificial intelligence, caused this decline.

*business · news · 2026-05-08 · The Economic Times*

## Key points

- Blackstone and BlackRock reduced private credit portfolio values due to AI-disrupted software sector loans.
- Nearly half of Blackstone Secured Lending Fund's markdowns stemmed from just two non-accrual loans.
- Medallia, a troubled software borrower, will get new capital for AI feature development from Blackstone.
- BlackRock TCP Capital recorded $32.7 million in net realized losses tied to troubled software loans.
- Blue Owl sold $1.4 billion in assets in February due to high investor withdrawal requests.

**Companies:** Blackrock, Blackstone, Blue Owl Capital, Medallia, Pluralsight

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/us-stocks/news/us-stock-market-private-credit-funds-of-blackstone-blackrock-mark-down-portfolios-amid-software-sector-stress/articleshow/130948652.cms)

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