Private‑credit Flows Shift

- Capital rotated inside credit markets this week as managers and allocators chased yield outside traditional bank lending, driving new product launches and strategy tweaks across firms. - KKR rolled out a hybrid fund while regulators signaled easier bank leverage and Wells Fargo faced scrutiny tied to wildfire exposures, altering deal and funding dynamics. - Those moves are boosting allocations to private credit and pressuring banks’ liquidity and risk management as fund launches and regulatory shifts converge. (x.com) (x.com) (x.com)