🩸 Bain de sang sur le marché du CRÉDIT PRIVÉ ! (ce n'est que le début...)

In early March, major financial institutions made announcements that sent ripples through the financial world, particularly concerning the burgeoning private credit market. BlackRock, the world's largest asset manager, refused full retirement withdrawals to clients, offering half and asking them to return later. Days earlier, Blackstone injected $400 million of its own funds, with 25 leaders contributing financially, to prevent panic. Even earlier, Blue Owl simply removed the right of some investors to withdraw money. These events are unfolding in the private credit market, a young, $2 trillion sector of loans granted by non-bank entities to companies typically excluded from traditional banking. While growing rapidly, it's now facing significant challenges, threatening the financial health of large investment funds and their clients. Observers note alarming similarities to the 2