Investors have loaded up on private credit, pouring $240 billion into the asset class in just the last two years.
However, because credit exposure has shifted from huge banks to smaller groups, the executives said any downturn won't freeze up the financial system like the last recession did.Private credit has garnered $240 billion in inflows in the last two years alone, as non-bank groups filled the gaps left by banks leaving the lending space post-recession. Institutional investors, such as pension funds, endowments, and foundations, have stepped up to fund those non-bank groups.
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Source: Reuters - 🏆 2. / 97 Read more »