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This is the second season of Who said what? In this show, we look at interesting comments from notable figures, break them down, and explore the broader stories behind it. In this episode, Krishna explores the rapidly growing $2 trillion private credit industry and why some investors are starting to worry about it. Rising interest rates, AI disruption in software companies, and opaque loan structures are pushing defaults higher. With large funds freezing withdrawals and major players like BlackRock and Blue Owl facing redemption pressure, the episode explains how this market works — and why some experts think it could become a serious financial risk. Prefer to read this? Check it out here: https://open.substack.com/pub/thedail... Checkout "The Chatter" here: https://thechatterbyzerodha.substack.... Timestamps: 00:00 Intro 00:40 Is private credit the next big risk in finance? 09:48 Outro