Stephanie Link

Investors increasingly are concerned about private-credit funds’ liquidity and loan quality. The question is whether these cracks signal a deeper problem — like the seeds of a widespread financial crisis — or if this is simply a period of growing pains in a maturing asset class. Private credit is not a systemic crisis — but it does warrant careful evaluation and selectivity. Private credit by its nature has less visibility than public markets, which can amplify uncertainty when issues arise.