Thursday, July 2
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Topic: finance

The New York Stock Exchange on Wall Street.
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Thursday, 7/2, 03:38 PM

What Private Credit Is, and Why It Makes Regulators Nervous

  • It is one of the fastest-growing corners of finance, and one of the least visible: a roughly $2 trillion market in which investment funds — not banks — lend directly to companies.
  • Private credit has minted profits and filled a real gap.
  • Now regulators are asking what happens to it in a downturn no one in the business has ever lived through.

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