[Dambisa Moyo] Private credit panic is overblown

Over the past few weeks, headlines have focused on emerging signs of stress in the $2 trillion private credit market, particularly among nontraded business development companies. These funds, which lend to small and medium-sized US businesses, now hold roughly $270 billion in assets. But fears of a looming private credit crisis are overblown. The health of any credit market — private or public — ultimately hinges on the same four factors that have driven every credit cycle in history. The first

By The Korea Herald