Private Market Titans Participate in UK Bank Stress-Test Amid Regulatory Scrutiny

Private market titans including Blackstone, Apollo, Ares, and Hayfin have voluntarily agreed to participate in the Bank of England's stress test to measure the resilience of private markets. The move comes amid warnings from global supervisors about the potential dangers of private lending and investment, and follows two US bankruptcies highlighting the risks of private credit. The test is expected to evaluate the performance of assets such as leveraged loans and private equity debt in macro-economic downturns.