Private credit under scrutiny<\/p>\n
Waldron added that the recent volatility and losses may indicate \u201cstress building up at the lower end of the economy,\u201d where heavy borrowing has surged.<\/p>\n
The spate of credit fraud scandals has heightened tension between traditional banks and private lenders. Some private credit firms argue that banks are unfairly attacking their business models.<\/p>\n
Marc Lipschultz, Co-CEO of Blue Owl Capital Inc., hit back, saying:<\/p>\n
\u201cThese fraud cases originated in the banks themselves. They should clean up their own books before criticising others.\u201d<\/p>\n
Waldron concluded that both private credit providers and banks operate within a single, interconnected financial ecosystem:<\/p>\n
\u201cI don\u2019t really understand why we talk about private credit as one thing and bank lending as another \u2014 it\u2019s all part of one system,\u201d he said, warning that if financial stress intensifies, \u201cno one will be immune from the fallout.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Private credit under scrutiny Waldron added that the recent volatility and losses may indicate \u201cstress building up at…\n","protected":false},"author":2,"featured_media":86159,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[251,138,5341,65449,219,246,11088,34686,18060,111,139,69],"class_list":["post-86158","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-breaking-news","tag-business","tag-credit","tag-defaults","tag-economy","tag-finance","tag-goldman-sachs","tag-jp-morgan","tag-loan","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/86158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=86158"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/86158\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/86159"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=86158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=86158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=86158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}