Scandals Slow Private Credit Juggernaut
Business
Leading private credit firms on Wall Street, including Blue Owl, Apollo Global Management, and BlackRock, are in choppy seas as share prices and private credit loans take a hit. Private credit has been one of the fastest-growing segments of the global financial system over the past 15 years, expanding nearly tenfold to reach an estimated $2 trillion in assets under management (AUM) today, according to Moody’s Ratings. But recent scandals in the US, regulatory pushback in the UK, and fears
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