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The search for yield is driving the surge in non-bank lending

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Growth in private equity and private credit are mutually reinforcing

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The large, opaque market has filled a void but created new risks that are hard to detect

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PwC was given the go-ahead to reject outside bids and proceed with the wind-down

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Amid last minute "chaos," liquidation hearing pushed to March

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PwC seeks court approval to abandon the firm's sale and continue liquidation

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Enhanced transparency from private funds will boost confidence, assets

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PwC to make recommendation to court by mid-February

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Court filings indicate losses could top $580 million

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Receiver reports that funds' former auditor retracted two years of audit reports