软件崩盘的“蝴蝶效应”:BDC→私募信贷→金融板块?

华尔街见闻
Feb 06

巴克莱认为,软件行业的大幅下跌正对其持有高比例投资敞口(20%)的商业发展公司造成显著冲击。作为私募信贷市场的重要参与主体,商业发展公司的经营压力正传导至更广泛的信贷领域,形成“软件行业衰退→商业发展公司资产质量恶化→私募信贷体系承压”的连锁反应机制。而与私募信贷回报关联度较高的金融板块价格,目前尚未充分反映这一潜在风险。巴克莱衍生品策略团队于2026年2月5日发布报告警示,软件行业的大幅下跌正...

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