Blank Investment Club Highlights PSG Credit March Update with Strong Origination and Repayment Activity

Blank Investment Club shared the latest performance update from PSG Credit, highlighting continued momentum across originations, repayments, and pipeline growth. PSG Credit reported $330 million in assets under management, alongside three new loans closed totalling $37 million and four loan repayments generating approximately $11.5 million.

During the period, the fund completed two full and two partial repayments, reflecting ongoing portfolio performance and capital recycling. In addition to new originations, PSG Credit executed a $9 million loan modification. The fund’s forward pipeline remains robust, with $150 million across seven executed term sheets expected to close within 45–60 days, and an additional $116 million in issued term sheets.

Management Commentary
PSG Credit management noted that while recent attention on private credit has focused on corporate lending risks, real estate credit presents a different dynamic. Following a market correction between 2022 and 2024, the sector is positioned differently than corporate credit, which is now facing rising defaults and tightening liquidity.

The strategy remains focused on first-lien, asset-backed lending secured by real estate, which management believes provides stronger downside protection and more predictable recovery outcomes compared to enterprise-value-based lending.