Liquidity Mismatch, Rising Defaults, and the Structural Risks Facing the $1.7 Trillion Market
(HedgeCo.Net) For more than a decade, private credit has been widely viewed as one of the most successful innovations in modern finance. As banks retreated from middle-market lending following the global financial crisis, private investment firms stepped into the vacuum. What emerged was a rapidly expanding ecosystem of direct lenders, specialty finance vehicles, and institutional credit funds provid...
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