Private Credit Drops Safeguard to Win Deals on Wall Street Terms
Private credit firms’ efforts to reap leveraged debt business from Wall Street is coming at a steep cost — safeguards that made them less vulnerable to an economic downturn.
By Francesca Veronesi, Kat Hidalgo · Bloomberg Markets
Private credit firms’ efforts to reap leveraged debt business from Wall Street is coming at a steep cost — safeguards that made them less vulnerable to an economic downturn.