Episode Details

This video is a clip from BND: Strategy Room Live Stream on August 16, 2026. Private Credit has a liquidity issue as loan defaults continue to increase. While cash redemption requests have calmed down a little, they continue at a concerning pace. At the same time, money inflows into Private Credit funds have slowed dramatically and loan defaults continue to rise. This mix of events is leading to liquidity issues, but what does ‘liquidity’ mean? That depends on who you ask in the Private Credit world. The goal post has moved from ‘everything is fine, nothing to see here’ to ‘we are in a credit cycle and there will be some losses.’ Next Stop – ‘who could have seen this coming?’