🇺🇸 PRIVATE CREDIT IS QUIETLY IMPLODING WHILE EVERYONE WATCHES IRAN
BlackRock, Blue Owl, and Morgan Stanley all limiting withdrawals from private credit funds. That's a $2 trillion market locking the exits while the world stares at missile strikes.
Private credit was the hot money move for years: lend to companies banks won't touch, charge premium rates, print returns.
Worked great until everyone wanted their money back at once and surprise, these loans aren't liquid.
Source: Reuters, Maketsgroup