Leading private market firms, including Blackstone and Apollo, are stepping up to participate in Bank of England stress tests, a move that could reshape how we think about systemic risk and emergency support in alternative finance.
As Bloomberg reports, these voluntary tests aim to assess private markets’ resilience amid growing concerns from regulators. Our Founding Partner, Patrice Mesnier, shared crucial insights on the implications: while emergency liquidity access could provide stability, he warns that once a group receives such protection, removing it becomes almost impossible.
As the sector matures and increasingly intersects with traditional finance, finding the right balance between oversight and innovation will be significant.
Read the full article here:
https://www.bloomberg.com/news/newsletters/2025-12-03/private-market-titans-step-up-to-prove-resilience?embedded-checkout=true
Quotes from Oldenburg
“The main risk in granting private lenders access to central bank emergency cash was that once a group receives such protection, removing it becomes almost impossible”.
“Easy liquidity also pushes some players to take more leverage, because they believe the system will protect them”.
— Patrice Mesnier, Founding Partner