A consortium of private credit firms, spearheaded by Blue Owl, is extending a $1.4 billion loan to support buyout firm Hg in its acquisition of OneStream. Bloomberg posted on X, highlighting the significance of this financial move in the private credit market. The loan is part of a broader trend where private credit firms are increasingly stepping in to finance large-scale acquisitions, reflecting their growing influence in the financial sector. This development underscores the evolving dynamics in corporate financing, where traditional banks are often replaced by private lenders in major deals. The acquisition of OneStream, a software company, marks a notable transaction in the industry, emphasizing the role of private credit in facilitating significant business deals.