Veteran Investor George Noble Warns that a Private Credit Crisis May Be Unfolding in Real Time

Veteran investor George Noble warns that a private credit crisis may be unfolding in real time

Michael M. Santiago/Getty ImagesVeteran investor George Noble sees big problems taking shape in private credit.He thinks the booming corner of the debt market has shades of the last financial crisis. He said large firms halting redemptions in some private credit funds is a major warning sign. George Noble, a longtime Fidelity fund manager and Wall Street veteran, sees big problems brewing in the booming private credit market. The former director…

Don't be fooled by the scaremongering around private credit

There's a huge difference between short-term volatility and true systemic risk. The current rash of redemptions from private credit funds betrays a misunderstanding of the strengths underlying the business model.