Has anyone played forward what the collapse of private credit means for the data center buildout? Well it ain't good considering how big a footprint they account for in financing AI deals. Industry experts estimate that $3-5 trillion is needed for the AI build out over the next 4 years, ~25% of that is expected to come from private credit How's that going to work when all the tech-focused private credit funds are nursing -20-30% haircuts across the rest of their book, that is oh by the way, backleveraged on top of it all.