Who's afraid of private credit?
March 31, 2026
9 min
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242 of 300
March 31, 2026
Who's afraid of private credit?
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Nprs Planet Money Episodes Around March 31, 2026
Episode 242 of 300 — walk the feed in the order it was published.
9:28This episodeWho's afraid of private credit?
Summary
There is a $3 trillion dollar black box at the center of the economy. It’s called private credit. These are direct loans from private investors to private companies. They’re often riskier, less regulated than traditional bank loans – and far less transparent. Spooked investors are scrambling to cash out, and some funds aren’t letting them. It’s all fueling fears of another financial crisis. <br /><br />On today’s show, the private credit exodus. <br /><strong><br />Come see Planet Money live on stage in April! 12 cities. Details and tix here: </strong><a href="https://tix.to/pm-book-tour" target="_blank"><strong>https://tix.to/pm-book-tour</strong></a><strong>. </strong><br /><br /><strong>Related episodes: <br /></strong><a href="https://www.npr.org/2023/08/07/1192490563/what-could-break-next" target="_blank">What could break next?</a> <br /><a href="https://www.npr.org/2025/11/25/nx-s1-5619276/whos-financing-metas-massive-ai-data-center" target="_blank">Who’s financing Meta’s massive AI data center?</a><br /><br /><em>For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at </em><a href="http://plus.npr.org/" target="_blank"><em>plus.npr.org</em></a><em>.</em> <em>Fact-checking by </em><a href="https://www.npr.org/people/1268825622/sierra-juarez" target="_blank"><em>Sierra Juarez</em></a><em>. </em><em>Music by </em><a href="https://dropelectric.bandcamp.com/" target="_blank"><em>Drop Electric</em></a><em>. Find us: </em><a href="https://www.tiktok.com/@planetmoney" target="_blank"><em>TikTok</em></a>, <a href="https://www.instagram.com/planetmoney/" target="_blank"><em>Instagram</em></a>, <a href="https://www.facebook.com/planetmoney" target="_blank"><em>Facebook</em></a>, <a href="https://www.npr.org/newsletter/money" target="_blank"><em>Newsletter</em></a><em>. </em> <br /><br /><br />See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.<br /><br /><a href="https://www.npr.org/about-npr/179878450/privacy-policy">NPR Privacy Policy</a>
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