Private credit is all over the news, but what is it? How did it come about? Who are the players? Why is it in the news? What are the risks to the economy?

The $2 Trillion Credit Panic: is a deep dive into the fast-growing world of private credit and non-bank lending—how it works, why it expanded after the financial crisis, who makes money, where the risks sit, and what its rise means for companies, investors, and the broader financial system.