Life insurers weigh in on potential overheating in private credit

Private credit has grown into a multitrillion-dollar market, drawing a diverse range of investors, with the higher-for-longer interest rate environment enhancing its appeal. However, this rapid expansion has also raised concerns about potential risks and market overvaluation. Gene Miao, Churchill Asset Management Gene Miao, senior investment strategist at Churchill Asset Management, which manages approximately $50 billion in assets, shared his nuanced view on the private…