Goldman Sachs' Bantwal disputes private credit distress narrative

Goldman Sachs' Vivek Bantwal disputes the narrative of distress in private credit, stating that data indicates modest defaults and non-accruals. However, MSCI reports that over 10% of loans have been marked down by at least half, particularly affecting smaller funds. Regulators are raising concerns about increasing bank exposure and the opaque structures within this rapidly growing but untested market.