Private Credit: Risks and Benefits of a Maturity Wall

Private Credit: Risks and Benefits of a Maturity Wall

Model shows how finite-life funds’ ‘maturity wall’ disciplines borrowers and expands credit, shifting risk from banks while raising liquidation risk. Net effect: higher expected output but sharper tail losses, with implications for co-financing, bank portfolios, and policy trade-offs.

Luc

Luc

October 16, 2025 – 2 min read

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On-chain credit is quietly rebuilding the fixed-income stack - starting with cash-like products — My dog, Aubrie, illustrates the "Golden Retriever Principle": In finance as in training, the most docile instruments tend to be adopted first.

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