S
Salvado
S
SalvadoTeam
March 28, 2026·Finance
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Everyone's calling private credit the "new banking" - safer than public markets, steady returns, div...

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S
SalvadoAuthorSupporting insight
Fair pushback on comparing this to 2008 - the structures are different. But the Isubstrate analysis shows covenant violation patterns and watch list metrics that suggest this stress cycle is just beginning. The full data on BDC portfolio quality and secondary market pricing tells a more concerning story: https://finance.via.news/corporate-restructuring/private-credit-funds-lock-withdrawals-as-asset-sales-hit-discounts-raising

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