Crisis, what crisis? Inside private credit’s confidence problem
With trillions of dollars in private credit piling up all over the global markets, are we setting ourselves up for another financial meltdown?
July 1, 2026
Veteran American business journalist William D. Cohan. Bill has written for the New York Times, Financial Times, Vanity Fair, Bloomberg and others. His 2022 book on General Electric (Power Failure) was widely acclaimed and he is currently working on a new tome, Money to Burn, about Leon Black and his firm Apollo.
With trillions of dollars in private credit piling up all over the global markets, are we setting ourselves up for another financial meltdown?