“BlackRock Prefers Private Credit Over Public Amid Bank Troubles”
May 23, 2023
“BlackRock Investment Institute favors private credit over public as the banking-sector turmoil makes traditional lenders cautious, opening up new opportunities in the funding market.
“We think private credit could help fill a void left by banks pulling back on some lending and offer potentially attractive yields to investors,” BlackRock strategists led by Wei Li wrote in a note dated Monday, adding that the preference is over a horizon of five years and longer…”
https://finance.yahoo.com/news/blackrock-prefers-private-credit-over-035143772.html
Let me translate that paragraph above into normal speech. By “fill the void” they mean replace the money they lost. Anyone in the private sector that does business with this company is a moron. Don’t do business with evil companies. This is one of the most evil of them all.