Why private credit boomed

Private credit was the hottest craze on Wall Street. Throughout the boom, one firm became its poster child, Blue Owl. But a recent panic posed a troubling question. What happens if investors suddenly want out at the same time? WSJ's Matt Wirz reports on the turmoil and explains why private credit is something American workers need to pay attention to. Ryan Knutson hosts. 

Further Listening:

- The Wall Street Craze Jamie Dimon Can’t Resist. Even If It Blows Up.

- Private Equity and Crypto Could Be Coming for Your 401K

Sign up for WSJ’s free What’s News newsletter.

Learn more about your ad choices. Visit megaphone.fm/adchoices