Pushing Back About the Lack of Transparency in Private Credit

Also, McHenry ramps up pressure on Gruenberg; a new head of AICPA

The rapid growth and sheer size of the private credit market, now estimated at about $2 trillion, has elevated it on the watch lists of financial overseers across the globe. There has been a lot of talk about the potential dangers of investment funds providing corporate loans, and much of the fear appears driven by regulators’ contention that they don’t…