Private Credit: The Next Risk in the Financial System

"I'm sure that Black Rockck and Blackstone, they're going to be fine because they are the behemoths in the industry. You know, they have the capital. But some of these institutions, they're probably going to be in serious trouble."

"Will the private credit market navigate this period smoothly or will rising defaults create more significant problems? But right now the evidence suggests that we're seeing early signs of stress, not a full-blown crisis. Of course, the big question is, is it going to spiral out of control or not?"

"periods of rapid growth are often followed by periods of adjustments. And the private credit market may simply be entering that adjustment phase."