Mark Walter Probe Puts Wall Street's Insurance-Private Credit Machine Under DoJ Scrutiny

Mark Walter Probe Puts Wall Street's Insurance-Private Credit Machine Under DoJ Scrutiny An ongoing federal investigation into billionaire Mark Walter's business empire is raising alarm bells about Wall Street's use of insurance capital to finance private credit and other illiquid investments.  Bloomberg reported that Walter's TWG Global holding company said in a filing that it will wind down its exposure to affiliated businesses by up to $6.5 billion after the transactions dre...

By Tyler Durden