Private credit’s public reckoning

After years of fast-paced growth, private credit is facing intense scrutiny. In recent months, investors have made requests to withdraw billions of dollars from the $2tn sector’s funds. The FT’s US private equity and deals editor Antoine Gara and US investment editor Eric Platt explain how we got to this critical moment, and what may be next for this pocket of Wall Street. Clips from Bloomberg, CNBC, Fox Business, JPMorgan, US Federal Reserve The FT does not use generative AI to voice its podcasts. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Retail investors pull billions from private capital’s credit gold mine Wall St underestimates private capital problems, says top credit hedge fund Private credit’s game of footsie is getting riskier - - - - - - - - - - - - - - - - - - - - - - - - - - Follow Antoine Gara on X ( @AntoineGara ) and Bluesky ( @antoinegara.bsky.social ). Eric Platt is on X ( @ericgplatt ) and Bluesky ( @ericgplatt.ft.com) . Michela Tindera is on X ( @mtindera07 ) and Bluesky ( @mtindera.ft.com ), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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Private credit’s public reckoning is an episode from Behind The Money with the Financial Times by Topher Forhecz.

This episode is 27:25 long.

This episode was published on Mar 25, 2026.

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