Private credit ‘probably closer’ to end of cycle
Risk managers say regulatory scrutiny, such as BoE’s Swes, is justified
Recent wobbles in private credit are a sign that the market is close to the “end of the cycle”, according to a panel at the Risk Live Europe conference in London on June 30.
Investor concerns about the sector have grown amid allegations of fraud and questions about private credit’s exposure to software companies at risk from artificial intelligence. The high-profile collapses of auto lender Tricolor and auto parts supplier First Brands in late 2025 and UK-based property lender Market Financial
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