# Private credit’s ‘golden era’ shows signs of tarnish

An episode of [The Story of Money](https://invisiblenetwork.ai/podcast/1376303362), 28 Aug 2024, 21 min.

Audio: https://sphinx.acast.com/p/acast/s/behindthemoney/e/66ce473f39e920927a6127db/media.mp3

Private credit took Wall Street by storm. But at a software company called Pluralsight, recent loan troubles are now highlighting risks that could be hidden in the sector. The FT’s senior US corporate finance correspondent Eric Platt and Due Diligence reporter Amelia Pollard walk through what went wrong with Pluralsight, and how that could shape private credit’s future. Clips from Bloomberg, CNBC - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: A messy loan restructuring highlights risk lurking in private credit Private credit is even larger than you think A buyout gone wrong creates fireworks in the private credit market Vista and co-investors lose $4bn in Pluralsight restructuring - - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Eric Platt (@ericgplatt), Amelia Pollard (@ameliajpollard) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more. Register now for the FT Weekend Festival, and claim £24 off your pass using promo code FTPodcast at: ft.com/festival Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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