Panic over for private credit? Not quite. Things are calmer after banks and fund managers have made reassuring noises on quarterly earnings calls this month, but a shakeout is still underway. Many individual investors want their money back even as big institutions including insurers and pension funds are happy to keep investing. The trouble isn’t over for firms that rely more on wealthy people as clients — and that to my mind is a good thing.
www.bloomberg.com
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Goldman, BlackRock Calm Private Credit Panic, Blue Owl Less So
