The Age
·general
·4 hours ago
Private credit’s ‘naked swimmers’ are surfacing
Private credit funds are facing significant redemptions as concerns about underwriting standards and artificial intelligence impact valuations. Major firms like Blue Owl, Apollo Global Management, and Blackstone have limited withdrawals amid fears of contagion in the financial system. Regulators, including the US Federal Reserve, are increasing oversight due to potential risks associated with the estimated $3 trillion sector.
Summary by Glance · The Age
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