Warnings from the private credit wobble
Investors and regulators should sharpen scrutiny of risky lending practices and interlinkages
Investors and regulators should sharpen scrutiny of risky lending practices and interlinkages

Lenders emphasise their safety and private credit’s riskiness. In reality, the two are intertwined

For some observers, the rapid rise of this asset class invites unsettling historical comparisons

New vehicles are being marketed to ordinary investors just as some similar products in the US have run into trouble

The sector remains untested in a severe or prolonged economic downturn

Rapid growth of $2tn market has led to hastily done deals and hurried due diligence, say fund managers

Firms are still struggling to deal with a lack of exits from their investments