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Private credit turns to financial alchemy as an antidote to ‘peak anxiety’

Private credit turns to financial alchemy as an antidote to ‘peak anxiety’

Ghosts of the 2008 financial crisis are haunting Wall Street as private equity firms are pooling and repackaging troubled corporate debt in a bid to raise liquidity. Redemptions from private credit funds have been spiking on fears of potentially bad loans in application software and other sectors, driven by the ascent of artificial intelligence and…

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