Paris Edition

Private Credit Blues Take Center Stage at Future of Finance Conference

Although France is far from the center of the private credit boom, it isn’t avoiding the blowback.
Bank of France Governor Francois Villeroy de Galhau at Bloomberg’s Future of Finance conference in Paris, on Thursday, March 12, 2026.Photographer: Nathan Laine/Bloomberg
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Bonjour et Bienvenue to the Paris Edition. I’m Paris Bureau Chief Alan Katz. If you haven’t yet, subscribe now to the Paris Edition newsletter.

Much of the coffee-break chatter took a slightly nervous, look-over-your-shoulder turn at Bloomberg’s Future of Finance conference in Paris on Thursday as conversation after conversation turned to private credit.

The topic had long been on the formal agenda. But as Bloomberg’s Laura Noonan noted when she opened her panel, the headline — Are Private Markets Taking Over the World? — had obviously been written before the tumult of the past week.