From CNBC.

Private credit, a form of lending by non-bank financial institutions to businesses outside of public markets, was once a niche corner of Wall Street. Now, private credit is going mainstream as it seeks funding from retail investors. CNBC’s Hugh Son breaks down the rise of private credit, why retail investors are looking into private credit and the risks and upsides of investing in the space.

Chapters:
0:00 Introduction
1:49 Chapter 1: Retail investors
3:56 Chapter 2: Risk of scale
6:15 Chapter 3: The first cracks

Produced and Edited by: Macklin Fishman
Reporting by: Hugh Son
Animation: Jason Reginato, Emily Park
Senior Director of Video: Lindsey Jacobson
Additional Footage: Getty Images
Additional Sources: Federal Deposit Insurance Corporation, U.S. Securities and Exchange Commission

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Why Everyone’s Suddenly Talking About Private Credit