Detailed view for this entity.
“This is the private credit market and we're seeing massive redemptions across the board.”
“what that means is that we've got big issues in our uh financial system right now with the uh private credit sector. Those are all private credit shadow banking companies. They are not able to meet the request of the investors who want to pull their money out.”
“These big private credit companies loaned out money mostly to software companies that aren't even making money. A lot of them are cash flow negative, right?”
“We're talking about private credit, these massive financial companies that were loaning billions, trillions of dollars to companies, to a lot of like maybe higher risk people.”
“the private credit sector is kind of sort of like the payday loan sector of the corporate lending world.”