'One day it'll really buckle:' A $20 billion CIO sees contagion risk from stress in private credit

AP Photo/Mark Lennihan

• Software pain could spread across the broader private credit market, according to Victor Khosla.
• The CIO said he sees contagion risk stemming from the sell-off in software stocks.
• Software accounts for around 40% of all PE-backed loans, according to one recent analysis.

Pain in the software sector runs a serious risk of rippling the entire private credit market, according to one CIO who manages more than $20 billion in assets.

Victor Khosla...