Market Financial Solutions (MFS), a UK mortgage company, entered bankruptcy proceedings last Wednesday. According to Ming Pao, creditors allege that MFS used the same asset as collateral for multiple loans, potentially creating a collateral shortfall of £930 million. This situation has heightened concerns about the private credit sector. Last Friday, shares of several asset management companies involved in private credit fell. Apollo Global Management, which has a £400 million exposure to MFS, saw its stock drop by 8.57%. Additionally, investment bank Jefferies reportedly has a £100 million exposure, resulting in a 9.31% decline in its stock price.