Wall Street Journal finance reporters Matt Wirz and AnnaMaria Andriotis are hosting a live Q&A session on Tuesday, April 14, from 2-3 p.m. ET to discuss the mounting challenges facing the private-credit industry. Investors are pulling capital at record rates as concerns mount over loan portfolio quality, particularly heavy exposure to the software sector.

This withdrawal rush signals a period of heightened fragility for private credit markets, which have grown rapidly over the past decade as an alternative to traditional bank lending. The sector has benefited from low interest rates and strong demand for yield, but deteriorating loan quality and sector concentration risks are now prompting investors to reassess their positions. The Midtown Manhattan skyline serves as a backdrop to these financial pressures, where many private credit firms are headquartered.

Readers are invited to submit questions in advance for the live discussion. The session will explore what these capital outflows mean for market stability and whether the private credit boom may be cooling. With software companies facing their own challenges from higher rates and slowing growth, the ripple effects through leveraged loan markets could be significant.