Private Credit Should Worry About a Singularity in Software Debt
Artificial intelligence fears have ripped through stock and bond markets, but investors in loans and private credit are still playing catch-up. Part of the problem is working out which areas of the debt market are exposed to disruption and which aren’t. Because fund managers apply industry categories in varying ways, some companies that are really software sellers are misclassified as anything from retailers to food producers, according to Bloomberg News.
