Private credit’s ‘golden era’ shows signs of tarnish
Behind the Money
The Evolution of Private Credit
This chapter examines the rise of private credit as a significant player in leveraged buyouts post-financial crisis, highlighting its advantages over traditional banks and the inherent risks involved. It focuses on the challenges faced by companies like Pluralsight amid rising interest rates and the contentious dynamics between private equity owners and lenders during a complex negotiation over distressed assets.
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