Private Credit Panic Spreads As Consumer Loan Fund Gates Investors, JPMorgan Pulls Deal, Apollo Sees 20 Cent Recoveries

While the world's attention is understandably stuck to every latest development in the Iran war, the newsflow surrounding domestic ground zero for what could very well be the next financial crisis, private credit, keeps on getting worse.

First, for those who have not kept up with the spectacular slow-motion (at first, although it is now accelerating at a staggering pace) private credit disaster, we suggest catching up with these must-read articles detailing the bursting of the private credit bubble, and how we got to where we are :