Private credit market surpasses junk-rated corporate bonds in size

13 articles · Updated · Bloomberg · Apr 27

Industry veterans John Sheehan and Craig Manchuck from Osterweis Capital Management highlight the rapid expansion and current scale of private credit, now estimated to be larger than the junk bond market.
This surge raises concerns about the sector’s stability, with experts noting links to private equity and insurance, and warning of potential higher default rates ahead.
Analysts discuss the evolution of private credit since 2008 and advise close monitoring of risks as the market’s influence on broader corporate debt continues to grow.

Are 'shadow defaults' masking a true crisis in the booming private credit market?

Is asset-backed finance a safer haven from rising corporate credit risk?

As insurers pour billions into private loans, are regulators asleep at the wheel?

With redemption requests rising, are investors trapped in illiquid private credit funds?

With public funds at a discount, are private credit valuations pure fiction?

Will AI's disruption of the software sector be the pin that pops the private credit bubble?