Credit Brief: Private Credit Levers Up; Libor Clock Ticks

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• Some direct lending vehicles are increasing their own borrowing to take advantage of a “golden era” for the $1.5 trillion asset class;
• Money is pouring into private credit at a time when risk may be particularly high;
• Billions of dollars of leveraged loans are running short on time to transition from scandal-plagued Libor.

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To contact the reporters on this story:
Taryana Odayar in New York at todayar1@bloomberg.net;
Michael Tobin in New York at mtobin37@bloomberg.net

To contact the editors ...