@jakeclaverqfop: Private credit is the 20% return Wall Street loves to brag about. It's where you go when the bank won't touch you. Airplane hangars, weird commercial deals, businesses without SBA loans. The funds charge 11 to 20 percent and pass the yield to investors. Beautiful, until the collateral devalues and borrowers start missing payments. That's when the fund discovers it didn't underwrite the risk it thought it did. Watch who is pulling money out right now.