Private Credit Is Officially Fucked

First Blackrock. Then Cliffwater. Now, another major bank just joined the list of private credit managers limiting withdrawals.

Tomorrow my appearance on Thoughtful Money that I did today will be posted. But now, a sneak peek. My stark prediction on that episode? That there would be a real run on private credit by the end of this week or Monday of next week. And that’s exactly what’s happening.