Market Stress to Shake Out Private Credit Firms, Fortress Says

More volatility and a higher default rate in credit markets will sort the good from the bad in the private credit industry, which hasn’t yet been fully tested by the...

By Dani Burger, Francesca Veronesi, Esteban Duarte · Bloomberg Markets

More volatility and a higher default rate in credit markets will sort the good from the bad in the private credit industry, which hasn’t yet been fully tested by the economic cycle, according to Fortress Investment Group’s co-CEOs.