Wall Street’s New ‘Shadow Banks’ Are on a Tear. They Want Your Money. - WSJ
1. Blackstone leads in private credit, competing with traditional banks. 2. Private credit industry to double, reaching $3 trillion in three years. 3. Regulators may struggle to manage risks in the private credit sector. 4. Insurance ties boost capital flow into private credit markets for investors. 5. Private loans encouraged growth but carry risks not seen in public markets.