Private credit took Wall Street by storm. But at a software company called Pluralsight, recent loan troubles are now highlighting risks that could be hidden in the sector. The FT’s senior US corporate finance correspondent Eric Platt and Due Diligence reporter Amelia Pollard walk through what went wrong with Pluralsight, and how that could shape private credit’s future.

Clips from Bloomberg, CNBC

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For further reading:

A messy loan restructuring highlights risk lurking in private credit

Private credit is even larger than you think

A buyout gone wrong creates fireworks in the private credit market

Vista and co-investors lose $4bn in Pluralsight restructuring

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On X, follow Eric Platt (@ericgplatt), Amelia Pollard (@ameliajpollard) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.

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Read a transcript of this episode on FT.com

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Private credit’s ‘golden era’ shows signs of tarnish 20:34 Share

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Private credit’s ‘golden era’ shows signs of tarnish