Vol. I · No. 026 Daily Edition Monday, October 12, 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 roughly $1bn private-credit continuation vehicle leads a slate dominated by valuation questions, with Deloitte's survey on repricing, KKR's fully met redemptions and AI-driven software markdowns, while the SEC's retail-access proposals draw law-firm analysis, Consonance and Aphias close funds, and Texas Teachers begins a CIO search. 16 stories

Continuation vehicles, long a private-equity tool, are now being applied to credit portfolios. For GPs it offers a way to return cash without selling loans into a soft market; for allocators it raises questions about pricing the transfer and who sets the mark.

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By the Numbers
5.29%
10-year Treasury yield
12 mo · 4.12 → 5.18
▲ CNBC / Trading Economics, Sep 30
4.00%
Fed funds target, upper bound
12 mo · 4.50 → 3.75 → 4.00
▲ FOMC Sep 16 / H.15 Sep 23
-0.06
Chicago Fed credit conditions index
12 mo · -0.04 → -0.06
Federal Reserve Bank of Chicago, week ending Sep 25
$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 12, 2026, before the open. No figure was re-verified this morning, so all six cells are carried forward unchanged: the 10-year Treasury yield (5.29%, CNBC / Trading Economics, Sep 30), the Fed funds upper bound (4.00%, FOMC Sep 16), the Chicago Fed NFCI credit subindex (-0.06, week ending Sep 25), Warburg Pincus's Ingenia bid (Sep 27), PitchBook's end-2025 NAV in funds ten years or older and Evercore's H1 2026 secondaries volume. Sparklines are unchanged.

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