Matt Wertz
speaker
97 appearances
3 recordings
1 series
first heard Dec 2025
last heard 13 Mar
Matt Wertz’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Mar 2026 with 1.
Appearances
And the catalyst for this was oddly these like strange little frauds that happened in the credit market, but not just in the private credit market.
But there were these companies like First Brands,
and Tricolor, those events started to trigger the spidey sense for some investors.
Redemption started to go up.
And then all of a sudden, investors, at least some of them, woke up to the fact that, oh, wait, I might not be able to get all my money out when I want it.
I better put in for it now.
And then it just kind of built and built.
Most of the analysts that I spoke to think that the next quarter, the second quarter of 26, is going to be worse than the first.
And then that will likely be the peak.
This is a very new industry, and it's going through growing pains.
There had been this big push last year to start including these kinds of investments in 401ks, for example.
And this, what we're seeing now, shows the dangers of doing that without having the right structure and the right education in place.
All right.
Thanks, Alex.
WSJ What’s News · A $140 Million BlackRock Loss Revives Private Credit Worries · 30 Jan 2026
podcast
These funds can drag out the write-downs of their assets because there is this opacity.
And so you as an investor may not know that you're sitting on some time bombs in your fund that can turn into a massive loss, as it did in this case.
The short answer is in the name.
They are private.
So they're a corporate loan.
that BlackRock might make to a small or midsize manufacturer of like roof supplies, for example.
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