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Private credit turns to financial alchemy as an antidote to 'peak anxiety'
Default rates are elevated and credit managers are getting creative.
14 words~1 min read
Default rates are elevated and credit managers are getting creative.
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Recent pain points are significant but belie key differences between now and the great financial crisis.

Leverage levels in private credit are a point of focus

A "robust and growing" private credit secondaries market could serve as a pressure valve for the industry's current liquidity…

Goldman Sachs said roughly 80% of the direct lending market is held in vehicles that typically don't allow investors to redeem…

Private credit is starting to resemble the public debt market, as its expansion blurs lines that once separated private and…

Morgan Stanley expects direct lending default rates to reach as high as 8%.