Private credit’s ‘golden era’ shows signs of tarnish

私人信贷的“黄金时代”显露黯淡迹象

Behind the Money

2024-08-28

20 分钟
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Private credit took Wall Street by storm. But at a software company called Pluralsight, recent loan troubles are now highlighting risks that could be hidden in the sector. The FT’s senior US corporate finance correspondent Eric Platt and Due Diligence reporter Amelia Pollard walk through what went wrong with Pluralsight, and how that could shape private credit’s future.  Clips from Bloomberg, CNBC - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: A messy loan restructuring highlights risk lurking in private credit Private credit is even larger than you think A buyout gone wrong creates fireworks in the private credit market Vista and co-investors lose $4bn in Pluralsight restructuring - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Eric Platt (@ericgplatt), Amelia Pollard (@ameliajpollard) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.  Register now for the FT Weekend Festival, and claim £24 off your pass using promo code FTPodcast at: ft.com/festival Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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  • It is the golden age of private credit.

  • This is the golden age of private credit.

  • The golden age of private credit.

  • The golden age of private credit.

  • The golden age of private credit.

  • Private credit is having a moment right now on Wall Street.

  • Demand for private credit and private credit investments has surged in recent years.

  • Look, there's been a huge growth in private credit as a whole.

  • It is like the buzzword on Wall Street.

  • It seems like on every earnings call, there's a mention of private credit.

  • And so I think that there has just been a flood,

  • like it's really taken Wall Street by storm and kind of changed the name of the game of finance.

  • What we're talking about here are loans that are not coming from banks.