Private credit took Wall Street by storm. But at a software company called Pluralsight, recent loan troubles are now highlighting risks that could be hidden in the sector. The FT’s senior US corporate finance correspondent Eric Platt and Due Diligence reporter Amelia Pollard walk through what went wrong with Pluralsight, and how that could shape private credit’s future.
Clips from Bloomberg, CNBC
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For further reading:
A messy loan restructuring highlights risk lurking in private credit
Private credit is even larger than you think
A buyout gone wrong creates fireworks in the private credit market
Vista and co-investors lose $4bn in Pluralsight restructuring
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Read a transcript of this episode on FT.com
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