How private credit became one of the hottest investments on Wall Street

How private credit became one of the hottest investments on Wall Street - TL;DR CNBC

How private credit became one of the hottest investments on Wall Street

Publishing timestamp: 2024-01-22 10:51:15

Summary

Private credit has become a popular investment class on Wall Street, projected to reach $2.7 trillion by 2027. This growth is due to banks retrenching from lending after the 2008 financial crisis and the Federal Reserve's low interest rate policy. However, private credit is not easily investable and carries risks.

Sentiment: NEUTRAL

Tickers: ARES, KKR, APO,

Keywords: markets, politics, business, apollo global management inc, ares management corp, business news, economy, u.s. economy, kkr & co inc,

Source: https://www.cnbc.com/2024/01/22/how-private-credit-became-one-of-the-hottest-investments-on-wall-street.html