
← Founder Notes with Nelson Chu and Prath Reddy18 apr · 18 min
The Banks Want It Both Ways
The Banks Want It Both Ways
<p>Bank earnings are blowing out, and every CEO is suddenly talking up private credit — the same asset class they spent last year warning about. Nelson and Prath break down why banks quietly need private credit to work, how back-leverage facilities keep banks winning either way, and what the new CDX Private Credit Index signals about an industry that still needs more maturity.</p>