Private credit plays a growing role in finance and this market segment now exceeds $2 trillion in value. As it has grown, so to have worries that it conceals significant risks to the global financial system. Unlike banks, private credit lenders operate mostly out of sight of regulators. Plus, companies that tap the private credit market tend to be at the riskier end of the spectrum. A significant risk factor in the private credit market is the inherent difficulty in …
