Probably not. I cannot imagine any of the components of MORL's index borrowing in Swiss Francs. Indeed, MORL was nicely up on the date of the announcement.
PE companies are so complex there is always an area under pressure that will contaminate the pps. It can be oil,interest rates, currencies (as now), etc. Of course, other areas are fine but when a sector is out of favor the glass is always half empty. Eventually, the prices will be so low that a technical reaction will happen and then sentiment will change.
I have tried,unsuccessfully, to steer the conversation toward BX the stock within the PE universe vs. BX the company.
PE has been sold off for about a year now. Eventually that will change. Until then. good luck.
I do not understand the why most people here and at MORL's board feel that distributions will not decrease. IF the stocks go down is because the market anticipates a reduction. No one would sell a 23% or so "sure thing".