Investors having been putting money into private credit since the 2008 financial crisis. With time, the problems with those investments are starting to show.
The CEO of JPMorgan Chase articulated his biggest concerns for the economy in an annual shareholder letter.
Private credit funds are gating withdrawals, but their structure may make them less fragile than traditional banks.
After years of pouring money into private credit, high-profile defaults and AI jitters have investors running for the exits.
Generally speaking, “private” means “less regulation.”
