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The $300bn PE debt wall starts in 2028; a third of it is software

Below-investment-grade loans to PE-backed companies due in 2028–29 total about $300bn; software and IT services account for roughly a third.

TRIBEMARKS · 002 CAPITAL · 27 OCT 2026 The $300bn PE debt wall starts in 2028; a third of it is software SoftwareEx-software$0bn$50bn$100bn$150bn202720282029 Below-investment-grade loans to PE-backed companies due in 2028–29 total about$300bn; software and IT services account for roughly a third. Source: PitchBook via WSJ · 27 Oct 2026 equitytribes.com/marks/002
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The $300bn PE debt wall starts in 2028; a third of it is software. Values shown in $bn.
PeriodEx-softwareSoftware
2027124
20289247
202911740

Below-investment-grade loans to PE-backed companies due in 2028–29 total about $300bn; software and IT services account for roughly a third.

Source

PitchBook via WSJ · 27 October 2026

Values read off the WSJ chart 'Maturity Wall' (Wirz & Maurer, 27 Oct 2026), rounded to $5bn. Software includes IT services.

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