Dimon Signals Private Credit Has Moved Past Its Golden Age

16-07-2025

Welcome to Going Private, Bloomberg's twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we're taking a look at how the White House is nearing an executive order to help firms pool private equity into 401(k)s, and the venture capital fundraising boom happening in the Middle East. But first, has private credit hit a peak? JPMorgan's Jamie Dimon thinks it might have. If you're not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net — Isabella Farr
Not too long ago, the $1.7 trillion private credit market was thought to be in its prime. In 2021, Crescent Capital Group co-founder Mark Attanasio said it was the ' golden age ' of private credit, a phrase many would repeat over the next few years.

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