PGIM's Hunt Says Private Credit Is Growing Quickly

David Hunt, PGIM president and CEO, says private credit is growing quickly because banks are changing how they lend money. He speaks on "Bloomberg Markets: The Close."
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[@REX4340]

Would have been nice to know what measures are in place to limit the risk to financial institutions taking on this private debt.

[@leonie563]

Im pretty sure bogged down in the lending policy is a caveat on house, superannuation/401K....if individuals wish to be greedy and hock themselves to the eyeballs....they will spend their not-retiring in some trailer park in tornadoe alley....🎳

[@Tbadders-rg4mu]

It doesn't matter. They don't work like banks who create money out of thin air. All of this is cash backed, as the Ares guy said "unlevered and cash funded". If they lose money, it's real money not borrowed from elsewhere. You can't go bust, you just go to zero.

[@glennnielsen8054]

These are the opportunities that increased regulation provides.

[@Tbadders-rg4mu]

I agree!

[@wsteele5864]

This is a platform…. Growth, growth, growth in an ever increasingly levered world. I can’t decide if we are back 2007 or 1929.

[@BrandyHeng007]

Private credit aka loan shark easy financing 😅

[@marcedrickirby6348]

MARCEDRIC KIRBY FOUNDER CEO.
MARCEDRIC.KIRBY IBC.