We’re seeing many signs of a potential credit crisis. A major one is what’s happening in the private credit market right now…
Cliffwater’s private credit fund ($33 billion) just limited withdrawals, following BlackRock, Blackstone, Blue Owl Capital and others.
Private credit investors are withdrawing money from these funds at a rapid pace. Why? Because they don’t want to be lending money into a weakening economy. Delinquencies are rising, and the credit held by many of these private credit funds is in jeopardy.
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