$1.7 trillion in loans. Minimal oversight. Zero public disclosure. Private credit, it's essentially banking, but without the traditional rules or transparency. Now the same size as the entire US high-yield bond market. Tripled in just 8 years. A third of the borrowers can't even cover their interest payments. The IMF called it "the largest blind spot in global finance." Nobody's talking about this. They should be.(Lark Davis)