“All this capital has gone into private credit, expecting these great returns, and then it started hitting a wall,” says Rebecca Patterson, noting that bankruptcies in the industry were raising red flags for investors even before the Iran war began.
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Watch or listen to the latest episode of The Spillover at https://youtu.be/GyP-1vtVIBc
Subscribe to our channel: https://goo.gl/WCYsH7
This work represents the views and opinions solely of the author. The Council on Foreign Relations is an independent, nonpartisan membership organization, think tank, and publisher, and takes no institutional positions on matters of policy.
Visit the CFR website: http://www.cfr.org
Follow CFR on X: http://www.twitter.com/cfr_org
Follow CFR on Facebook: https://www.facebook.com/councilonforeignrelations/
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