Vol. I · No. 036 Daily Edition Tuesday, October 27, 2026
The Blind Pool
Private Markets · Brought Into Focus

The Blind Pool, free every weekday before the open. One tight read across the private-markets press.

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Today’s Take Blackstone's anchor role in a $63bn financing for Broadcom's AI chips leads a Tuesday slate dominated by AI-funded credit, from a $103bn tally of compute deals to the debt-market unease behind them, alongside KKR's employee-ownership idea for Ben & Jerry's, Brookfield and CPP's cleared LXP buyout, fresh pension commitments, and law firms and the IMF on SEC valuation, retail access and private-credit leverage. 23 stories

Blackstone is the sole provider of the committed second-lien tranche, with three banks on the first lien, in a structure to pay for AI compute capacity. For GPs it shows private capital underwriting AI infrastructure at a scale once reserved for sovereigns. For allocators it concentrates more credit risk in a single theme just as spreads are widening.

BlackstoneRegister
By the Numbers
5.00%
10-year Treasury yield
12 mo · 4.12 → 5.18
US Treasury, Oct 26 close
4.00%
Fed funds target, upper bound
12 mo · 4.50 → 3.75 → 4.00
Federal Reserve (FRED DFEDTARU), Oct 18
-0.036
Chicago Fed credit conditions index
▲ Chicago Fed via FRED (NFCICREDIT), week ending Oct 9
$1.5B
Warburg Pincus's raised Ingenia bid, USD
Investing.com (Reuters), Sep 27
$348B
PE NAV in funds 10+ years old
PitchBook, end-2025
$121B
Secondaries volume, H1
Evercore, H1 2026
As of Oct 27, 2026, before the open. Rates read from primary sources: the 10-year Treasury yield is 5.00% at the Oct 26 close (US Treasury; 5.00% on Oct 23). Could not be refreshed this morning and carried forward: the Fed funds target upper bound (4.00%, Federal Reserve (FRED DFEDTARU), Oct 18); the Chicago Fed credit subindex (-0.036, Chicago Fed via FRED (NFCICREDIT), week ending Oct 9). Also carried forward: Warburg Pincus's raised Ingenia bid, USD, Investing.com (Reuters), Sep 27; PE NAV in funds 10+ years old, PitchBook, end-2025; Secondaries volume, H1, Evercore, H1 2026.

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