Wall Street private credit hit by $7 billion exits as investor confidence wavers

Over $7 billion was pulled out of top private credit funds at the end of last year. Big investors are done waiting around. The two major bankruptcies of First Brands and Tricolor have made everyone nervous, as both companies were stacked with loans and asset-backed debt arranged by banks. Funds managed by Apollo, Ares, Barings, […] source: https://www.cryptopolitan.com/wall-street-private-credit-7-billion-exits/