🚨Private Credit Is Hiding Its Real Risk

9fin reviewed public BDC filings and found that headline categories may not show the full exposure sitting inside these funds.

Private credit was supposed to be boring.

• Stable income.

• Lower volatility.

• Away from the daily noise of stocks and bonds.

But 2026 is starting to test that story.

9fin reviewed 19 public BDCs and found that headline categories may not show the full risk picture.

Some exposure was sitting inside labels like healthcare technology, internet services, and prof…