The Julia La Roche Show · Saturday, June 27, 2026
Chris Whalen describes the private credit market as a "slow motion train wreck," noting that while public markets get headlines, two-thirds of private credit vehicles are not publicly traded, leading to opacity. He suggests that rising interest rates are making investors antsy, leading to redemption requests across both public and private funds.
“Well, it is. It's a slow-motion train wreck, Julia. This is the gift that keeps on giving.”
“But I think also investors are a little bit antsy because they're thinking, well, Fed raises interest rates, credit is going to become more problematic. I want to get out of these funds.”
“And all of these funds, whether they're public or private, are getting hit with big redemption requests. Probably two-thirds of all of the private credit vehicles out there are private. So you never hear about them.”