The search for yield is driving the surge in non-bank lending
Growth in private equity and private credit are mutually reinforcing
The large, opaque market has filled a void but created new risks that are hard to detect
PwC was given the go-ahead to reject outside bids and proceed with the wind-down
Amid last minute "chaos," liquidation hearing pushed to March
PwC seeks court approval to abandon the firm's sale and continue liquidation
Enhanced transparency from private funds will boost confidence, assets
PwC to make recommendation to court by mid-February
Court filings indicate losses could top $580 million
Receiver reports that funds' former auditor retracted two years of audit reports