Hints of Stress Pervade Opaque Corners of Credit: Going Private

Welcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we reveal why the co-owner of a haunted attraction in Pennsylvania wants to turn his property into a data center — and what this says about the AI gold rush. But first, we examine more signs of possible stress in private credit. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net — Isabella Farr, Dawn Lim and Kat Hidalgo

‘Breathtaking’ Fraud Allegations

First, subprime auto lender Tricolor
collapsed into bankruptcy amid allegations that it pledged the same collateral to ...