Brisbane Times
·general
·4 hours ago
Private credit’s ‘naked swimmers’ are surfacing
Private credit funds face a wave of redemptions as investors react to concerns over weak underwriting standards and risks linked to artificial intelligence. Major asset managers like Blackstone and KKR are limiting withdrawals to prevent a firesale. Regulators, including the US Federal Reserve, are monitoring the sector for potential contagion to the broader financial system.
Summary by Glance · Brisbane Times
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