Tim Stenovec

Bloomberg journalist and anchor who co-hosts Bloomberg Businessweek on Bloomberg TV and Bloomberg Radio. He joined Bloomberg in 2020 after roles at Cheddar, Business Insider, and The Huffington Post, and covers business, markets, technology, and AI-related developments including OpenAI’s valuation.

Private Credit Faces a Confidence Test as AI Hits Software Loans

Private credit’s roughly $1.8 trillion boom is facing its first major test as a crisis of confidence rather than a broad default cycle, Bloomberg Originals argues. The report says the rapid growth of lending outside banks has left investors questioning private loan marks, limited liquidity in retail-facing funds, and underwriting assumptions around software borrowers whose growth prospects may be undermined by artificial intelligence.

Bloomberg OriginalsMay 8, 20269 min read