#credit Tech News.
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The latest credit news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks credit across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
Clearlake Capital's credit platform will assume management of 31 CLOs from LCM Asset Management, adding over $5 billion in assets. The deal increases Clearlake Credit's total managed assets to approximately $39 billion across liquid and private credit strategies.
Pacific Investment Management Co. warns the credit loss cycle has begun, driven by heavy AI spending that could widen economic disparities. The firm expects a resurgence in defaults and significantly higher losses in leveraged and private direct lending, favoring quality bonds.
Morpho raised $175 million in funding for an open credit network. The round was reported by both SiliconANGLE and FinSMEs. No further details on investors or use of funds were disclosed in the available source content.
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