Blackstone, Apollo, KKR sign up for U.K. stress tests, FT reports

Blackstone (BX), Apollo (APO), KKR (KKR), Ares Management (ARES), and CVC have agreed to join the Bank of England’s upcoming stress test examining how the rapidly expanding private credit market would withstand a major shock, The Financial Times’ Alexandra Heal and Martin Arnold reports. Their participation allows the BoE to proceed with its first “system-wide exploratory scenario,” focused on the resilience of non-bank lenders, according to people briefed on the matter.