“Private credit markets are not optional, they are necessary”: The stakeholders holding firm on private credit despite bubble fears
It’s been a bad time for private credit lately. 2025 saw high-profile defaults from First Brands Group, now on the verge of total liquidation, and Tricolour Holdings, which is facing over $900mn in potential losses.
As the old adage goes – although former Tricolour CEO Daniel Chu would probably disagree – there is no smoke without fire. Indeed, for some policy makers and investors, including Bank of England governor Andrew Bailey, the failure of both firms set “alarm bells” ringing.
As the old adage goes – although former Tricolour CEO Daniel Chu would probably disagree – there is no smoke without fire. Indeed, for some policy makers and investors, including Bank of England governor Andrew Bailey, the failure of both firms set “alarm bells” ringing.
