A Private Credit Bank Run Is Happening
The slow-motion train wreck in private credit keeps getting worse. And trust me…slow motion will eventually turn into a fast-motion…and a leak will turn into a deluge of people heading for the exits.

The slow-motion train wreck in private credit keeps getting worse. And trust me…slow motion will eventually turn into a fast-motion…and a leak will turn into a deluge of people heading for the exits.
The slow-motion train wreck in private credit keeps getting worse. And trust me…slow motion will eventually turn into a fast-motion…and a leak will turn into a deluge of people heading for the exits. It just takes time…
This week we found out that another major fund is limiting withdrawals as investors once again ask for far more of their money back than managers are willing to hand them.
And the longer this continues, the more convinced I am that eventually, something somewhere in the financial system is going to break. Private credit could even be part of the fuse that lights the AI crash, which I think could start in the next 6-10 months.
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