Miner Company
It's An Early Phase Financial Crisis: The Private Credit Bust
Around 40% of private credit loans are concentrated in the software industry, which is under stress due to AI disruption, and this points to widespread defaults. Large banks are exposed; they lend to private credit via "creative financing schemes" like PIK.
Around 40% of private credit loans are concentrated in the software industry, which is under stress due to AI disruption, and this points to widespread defaults. Large banks are exposed; they lend to private credit via "creative financing schemes" like PIK.