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Private Credit Resilient Despite Recent Bankruptcies, Experts Say

10/25/2025

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Summary

Story summary

Henry Kravis, co-founder of KKR, dismissed that Tricolor Holdings and First Brands Group bankruptcies signal broader private credit issues.
He said these failures did not involve private credit, which has grown since the financial crisis.
Central banks, including the Bank of England, are scrutinizing the sector for risks.
Steve Schwarzman, Blackstone's CEO, attributed the bankruptcies to bank-led syndications and said private credit remains a key growth area.

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Story summary

Henry Kravis, co-founder of KKR, dismissed that Tricolor Holdings and First Brands Group bankruptcies signal broader private credit issues.
He said these failures did not involve private credit, which has grown since the financial crisis.
Central banks, including the Bank of England, are scrutinizing the sector for risks.
Steve Schwarzman, Blackstone's CEO, attributed the bankruptcies to bank-led syndications and said private credit remains a key growth area.