“But in a long downturn, the danger is that older people might lose their nerve... If the sell-off is large, it could tip the market into chaos.”

“Every single day saying here's another day another private credit failure. Black rocks Renovo homes... $150 million hit to TCP Capital for that's a Black Rock group... Fivestar Development bankruptcy... HPS $400 million fraud.”

“This is a market that says we have been propped up by a private credit explosion that's gone from under a trillion dollars to 3.4 4 in 2025 and is projected to grow to 4.9 in 2029. But honestly, these projections might end up dying with how much of a collapse we're seeing in private credit.”

“Midcap Financial Investment Corp. Direct lending fund overseen by Apollo cuts its dividend and writes down its NAV. KKR will reduce its dividend after an increase in quote troubled loans and lower investment income. Black Rockck TCP Capital now cutting its dividend.”

“a lot of people are still actively concerned that private credit is collapsing in front of our eyes. And to some extent, they have a point of concern. We got talk about private credit funds having a lot of stress and selling for less than what they're worth.”