Private credit is under stress. Investors are asking tougher questions about liquidity, valuations, underwriting standards, and credit and refinancing risk. There is more pressure from redemptions than many vehicles can meet, greater scrutiny on loan quality, and growing concern that defaults could rise from the unusually low levels investors have grown accustomed to over the past decade. Rohan Thiru, Vice President and Portfolio Manager at Canoe Financial, sits down with Darren Cabral to explore the real risks in private credit and what investors should be paying attention to now.