NOT FOR REPRINT
Pimco's President Says Wealth Firms Running Shy of Private Credit
By
Sharon Klyne
News August 19, 2026 at 10:33 AM
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What You Need To Know
- Wealth managers are beating a retreat from private credit and ramping up a search for alternatives.
- “The demand for alternatives to direct lending private credit is getting much greater," says Pimco's Stracke.
- That's because "wealth distributors do not want to and cannot sell the direct lending private credit retail vehicles any longer," Stracke said.
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