Reported 2 months ago
Private credit firms are increasingly moving into consumer lending, diversifying from traditional corporate loans due to tougher market conditions and rising unemployment. Major players like Fortress Investment Group and KKR are acquiring consumer loans, but concerns grow over credit quality as delinquencies rise and economic challenges persist. Despite the risks, the private credit sector is projected to see significant growth, highlighting both opportunities and potential pitfalls in this burgeoning field.
Source: YAHOO