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Story summary
- The private credit market, valued at $1.8 trillion, faces scrutiny over hidden risks and liquidity concerns.
- Lloyd Blankfein, former chief executive of Goldman Sachs, warns that a shift to retail investors could expose them to systemic risks akin to the 2008 crisis.
- Financial advisors caution that some caution is warranted and that fears of a widespread meltdown are overstated.
- Experts recommend limiting private credit exposure to about 5% of portfolios.
