{"id":29059,"date":"2026-04-22T12:40:40","date_gmt":"2026-04-22T16:40:40","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/?p=29059"},"modified":"2026-04-22T12:40:42","modified_gmt":"2026-04-22T16:40:42","slug":"our-take-on-the-public-pillorying-of-private-credit","status":"publish","type":"post","link":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit","title":{"rendered":"Notre point de vue sur la\u00a0critique m\u00e9diatis\u00e9e du\u00a0cr\u00e9dit priv\u00e9"},"content":{"rendered":"\n<p><strong>Par Radu Dragomir, CFA, Mikhial Pasic, CFA<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-principaux-sujets\">Principaux sujets :<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Survol du march\u00e9 du cr\u00e9dit priv\u00e9 et lien avec le syst\u00e8me financier au sens large<\/li>\n\n\n\n<li>La baisse des rendements absolus et relatifs a frein\u00e9 l\u2019enthousiasme \u00e0 l\u2019\u00e9gard du cr\u00e9dit priv\u00e9<\/li>\n\n\n\n<li>L\u00e9g\u00e8re d\u00e9t\u00e9rioration \u2013 et non l\u2019effondrement \u2013 des principales mesures de cr\u00e9dit que nous surveillons<\/li>\n\n\n\n<li>Tort caus\u00e9 par les soci\u00e9t\u00e9s de logiciels\u00a0: le cr\u00e9dit priv\u00e9 est expos\u00e9 de mani\u00e8re d\u00e9mesur\u00e9e \u00e0 un secteur confront\u00e9 \u00e0 des d\u00e9fis<\/li>\n\n\n\n<li>L\u2019essoufflement de l\u2019enthousiasme pour le cr\u00e9dit priv\u00e9 a r\u00e9duit les flux de capitaux des fonds<\/li>\n\n\n\n<li>Occasion potentielle offerte par les fonds de cr\u00e9dit priv\u00e9 cot\u00e9s en bourse<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-la-moderation-a-bien-meilleur-gout-rendements-du-credit-prive-et-flux-de-capitaux\"><strong>La mod\u00e9ration a bien meilleur go\u00fbt\u00a0: rendements du cr\u00e9dit priv\u00e9 et flux de capitaux<\/strong><\/h2>\n\n\n\n<p>L\u2019enthousiasme des investisseurs pour le cr\u00e9dit priv\u00e9 a\u00a0diminu\u00e9, tout comme les rendements, ce qui r\u00e9duit les flux de capitaux des fonds. Les pr\u00e9occupations croissantes suscit\u00e9es par les bouleversements caus\u00e9s par l\u2019IA dans le secteur des logiciels et la faillite de certaines soci\u00e9t\u00e9s \u00e0 risque \u00e9lev\u00e9 ont pes\u00e9 sur la confiance des investisseurs. La\u00a0diminution du rendement du cr\u00e9dit priv\u00e9, qui d\u00e9passait 10\u00a0% en 2023-2024 et se situait sous la barre des 10 % en 2025, est principalement attribuable \u00e0 la baisse des taux de base et des \u00e9carts de taux des nouvelles transactions plut\u00f4t qu\u2019\u00e0 des pertes sur cr\u00e9ances.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-periodes-disparates-signes-croissants-de-dispersion-de-la-performance\">P\u00e9riodes disparates\u00a0: signes croissants de dispersion de la performance<\/h2>\n\n\n\n<p>M\u00eame si les difficult\u00e9s du march\u00e9 du cr\u00e9dit semblent confin\u00e9es pour le moment, il y a des signes croissants de dispersion de la performance, tant en ce qui concerne le rendement des portefeuilles que certaines mesures du cr\u00e9dit que nous surveillons dans le cadre de notre processus de contr\u00f4le diligent. Sur les march\u00e9s priv\u00e9s en g\u00e9n\u00e9ral, mais aussi dans le segment du cr\u00e9dit priv\u00e9, l\u2019\u00e9cart de rendement entre les gestionnaires du quartile sup\u00e9rieur et ceux du quartile inf\u00e9rieur est important. En p\u00e9riode difficile, cet \u00e9cart peut s\u2019\u00e9largir davantage. <\/p>\n\n\n\n<p>Dans le cadre de notre contr\u00f4le diligent initial et continu, nous portons attention au volume et \u00e0 la tendance des d\u00e9fauts de paiement et des pr\u00eats non productifs, \u00e0 l\u2019augmentation des int\u00e9r\u00eats capitalis\u00e9s jusqu\u2019\u00e0 l\u2019\u00e9ch\u00e9ance et \u00e0 la proportion de pr\u00eats qui se n\u00e9gocient \u00e0 un prix nettement inf\u00e9rieur \u00e0 leur valeur nominale.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-le-fleau-des-rachats-touche-de-nombreux-fonds-de-credit-prive\">Le fl\u00e9au des rachats touche de nombreux fonds de cr\u00e9dit priv\u00e9<\/h2>\n\n\n\n<p>Selon nous, la conjoncture actuelle refl\u00e8te un resserrement de la liquidit\u00e9, plus qu\u2019un choc syst\u00e9mique du cr\u00e9dit. Les fonds de cr\u00e9dit priv\u00e9 ont commenc\u00e9 \u00e0 recevoir un nombre croissant de rachats de la part des investisseurs au deuxi\u00e8me semestre de 2025 et la tendance s\u2019est poursuivie au premier trimestre de 2026, ce qui s\u2019est souvent traduit par des sorties nettes de capitaux et par la mise en application par les fonds de limites de rachat.<\/p>\n\n\n\n<p>Celles-ci (c.-\u00e0-d. les restrictions impos\u00e9es par les gestionnaires de fonds concernant le montant du capital que les investisseurs peuvent retirer pendant une p\u00e9riode pr\u00e9cise) peuvent cr\u00e9er un inconfort chez les investisseurs, mais elles sont une caract\u00e9ristique courante des produits alternatifs (qui incluent le cr\u00e9dit priv\u00e9).<\/p>\n\n\n\n<p>Ces restrictions servent \u00e0 prot\u00e9ger tous les porteurs d\u2019unit\u00e9s, en particulier en p\u00e9riode difficile, \u00e9tant donn\u00e9 que le march\u00e9 secondaire est restreint. Nous croyons que c\u2019est la premi\u00e8re fois qu\u2019un grand nombre des plus grandes structures \u00e0 capital variable du segment du cr\u00e9dit priv\u00e9 font l\u2019objet de sorties de capitaux \u2013 et, dans certains cas, c\u2019est la premi\u00e8re fois que les gestionnaires de ce segment font face \u00e0 des sorties nettes de capitaux. Selon nous, les gestionnaires dont le fonds affiche un profil d\u2019endettement rigoureux et un positionnement prudent sont mieux plac\u00e9s pour composer avec l\u2019actuel resserrement de la liquidit\u00e9 et potentiellement tirer parti des occasions \u00e9mergentes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-une-proposition-de-valeur-qui-merite-d-etre-revue-un-rendement-plus-eleve-si-les-pertes-sont-reduites-au-minimum\">Une proposition de valeur qui m\u00e9rite d\u2019\u00eatre revue\u00a0: un rendement plus \u00e9lev\u00e9 (si les pertes sont r\u00e9duites au minimum)<\/h2>\n\n\n\n<p>Nous sommes conscients des difficult\u00e9s \u00e0 court terme, mais nous continuons de consid\u00e9rer le cr\u00e9dit priv\u00e9 comme un outil pratique de production de revenu. Le rendement plus \u00e9lev\u00e9 qu\u2019offre le cr\u00e9dit priv\u00e9, en \u00e9change des risques de cr\u00e9dit et d\u2019illiquidit\u00e9, le positionne parmi les segments les plus performants du march\u00e9 obligataire. Il incombe aux gestionnaires de faire preuve de rigueur et de g\u00e9rer efficacement ces risques pour s\u2019assurer que les pertes ne d\u00e9passent pas la prime de rendement. Dans un contexte perturb\u00e9 par l\u2019IA, nous croyons que les gestionnaires qui ont fait leurs preuves et qui disposent de processus de gestion du risque \u00e9prouv\u00e9s sont mieux plac\u00e9s pour r\u00e9ussir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-les-fonds-negocies-en-bourse-presentent-l-occasion-de-profiter-de-l-actualite-negative\">Les fonds n\u00e9goci\u00e9s en bourse pr\u00e9sentent l\u2019occasion de profiter de l\u2019actualit\u00e9 n\u00e9gative<\/h2>\n\n\n\n<p>Le pessimisme peut cr\u00e9er des occasions pour les investisseurs ax\u00e9s sur la valeur. Le d\u00e9gagement qui a touch\u00e9 les soci\u00e9t\u00e9s de d\u00e9veloppement des affaires cot\u00e9es en bourse pourrait \u00eatre exag\u00e9r\u00e9 et repr\u00e9senter une occasion d\u2019achat pour les investisseurs judicieux, car bon nombre de ces fonds affichent un escompte appr\u00e9ciable (plus de 20\u00a0%) par rapport \u00e0 leur valeur liquidative (VL) d\u00e9clar\u00e9e.<\/p>\n\n\n\n<p><strong>Lisez <a href=\"https:\/\/www.rbcwealthmanagement.com\/assets\/wp-content\/uploads\/documents\/insights\/PrivateCredit_Dragomir_2026-04_FR-CA_Accessible.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">le rapport complet<\/a> pour en savoir plus.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fournir une perspective sur certains des vents contraires auxquels le march\u00e9 du cr\u00e9dit priv\u00e9 est confront\u00e9.<\/p>\n","protected":false},"author":22,"featured_media":29060,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rbcwm_post_date":"2026-04-15T14:31:40","editor_notices":[],"rbc_url_alias":"","rbcwm_featured_desktop_image_position":"","rbcwm_featured_mobile_image_position":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[510,511,522],"tags":[1126],"rbcwm_content_owner":[],"rbcwm_need":[548],"rbcwm_segment":[537],"rbcwm_solution":[545],"rbcwm_topic":[590,556],"rbcwm_channel":[],"rbcwm_format":[],"class_list":["post-29059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analyse","category-placements","category-votre-entreprise","tag-credit-prive","rbcwm_need-dons-de-charite","rbcwm_segment-proprietaires-dentreprise-et-entrepreneurs","rbcwm_solution-placements","rbcwm_topic-global-insights","rbcwm_topic-votre-entreprise"],"acf":{"rbcwm_subtitle":"Fournir une perspective sur certains des vents contraires auxquels le march\u00e9 du cr\u00e9dit priv\u00e9 est confront\u00e9.","rbcwm_post_author":"","rbcwm_custom_breadcrumb_text":"","rbcwm_custom_breadcrumb_link_url":"","rbcwm_disclaimers":{"add_disclosures":"","perspective_disclaimer":"","expandable":"","omit_from_pages":"","disclaimer_footnote":"&nbsp;\r\n\r\nLes renseignements contenus dans le pr\u00e9sent rapport ont \u00e9t\u00e9 pr\u00e9par\u00e9s par RBC Dominion valeurs mobili\u00e8res Inc. (\u00ab RBC DVM \u00bb) \u00e0 partir de sources jug\u00e9es fiables; toutefois, aucune d\u00e9claration ni garantie, expresse ou implicite, n\u2019est faite par RBC DVM ou par toute autre personne quant \u00e0 l\u2019exactitude ou \u00e0 l\u2019int\u00e9gralit\u00e9 de ces renseignements. Les opinions et les estimations contenues dans ce rapport repr\u00e9sentent le jugement de RBC DVM en date du pr\u00e9sent rapport et peuvent \u00eatre modifi\u00e9es sans pr\u00e9avis; elles sont pr\u00e9sent\u00e9es de bonne foi, mais n\u2019impliquent aucune responsabilit\u00e9 l\u00e9gale. Les rendements pass\u00e9s pourraient ne pas se reproduire. Les renseignements fournis ne visent qu\u2019\u00e0 illustrer certains rendements historiques et n\u2019ont pas pour but de pr\u00e9senter les valeurs ou les rendements futurs.\r\n\r\nCe rapport ne constitue pas une offre de vente non plus que la sollicitation d\u2019une offre d\u2019achat de titres. Il ne constitue pas non plus, et ne peut en aucun cas constituer, une invitation \u00e0 agir en qualit\u00e9 de courtier en valeurs mobili\u00e8res dans un territoire o\u00f9 des activit\u00e9s de courtier en valeurs mobili\u00e8res ne sont pas permises. Ce document a \u00e9t\u00e9 pr\u00e9par\u00e9 pour \u00eatre distribu\u00e9 aux conseillers en placement, il ne porte pas sur des situations particuli\u00e8res ou les besoins d\u2019une personne en particulier pouvant y avoir acc\u00e8s, et ne constitue pas des conseils \u00e0 une personne en particulier. Une strat\u00e9gie de placement particuli\u00e8re doit \u00eatre \u00e9valu\u00e9e en fonction de sa convenance au regard de l\u2019investisseur en question, de ses objectifs de placement et de sa tol\u00e9rance au risque. Pour cette raison, nous recommandons aux lecteurs de discuter du contenu du pr\u00e9sent rapport avec un conseiller en placement de RBC DVM ou un autre professionnel en placement avant de prendre toute d\u00e9cision de placement fond\u00e9e sur ce document. RBC DVM et ses soci\u00e9t\u00e9s affili\u00e9es peuvent avoir une relation de banque d\u2019investissement ou d\u2019autres liens avec quelques-uns ou la totalit\u00e9 des \u00e9metteurs mentionn\u00e9s dans les pr\u00e9sentes et peuvent n\u00e9gocier les titres mentionn\u00e9s dans les pr\u00e9sentes, soit pour leur propre compte ou pour le compte de leurs clients. RBC DVM et ses soci\u00e9t\u00e9s affili\u00e9es peuvent \u00e9galement \u00e9mettre des options sur les titres mentionn\u00e9s dans les pr\u00e9sentes et peuvent n\u00e9gocier les options \u00e9mises par d\u2019autres. Par cons\u00e9quent, RBC DVM ou ses soci\u00e9t\u00e9s affili\u00e9es peuvent en tout temps avoir une position acheteur ou vendeur dans ces titres ou dans des options sur ces titres. Ni RBC DVM, ni ses soci\u00e9t\u00e9s affili\u00e9es, ni toute autre personne n\u2019acceptent en aucun cas la responsabilit\u00e9 de toute perte directe ou subs\u00e9quente d\u00e9coulant de toute utilisation du pr\u00e9sent rapport ou des informations qu\u2019il contient. Le pr\u00e9sent document ne peut \u00eatre reproduit, distribu\u00e9 ou publi\u00e9 par un destinataire des pr\u00e9sentes \u00e0 quelque fin que ce soit.\r\n\r\nRBC Dominion valeurs mobili\u00e8res Inc.* et Banque Royale du Canada sont des entit\u00e9s juridiques distinctes et affili\u00e9es. * Membre du Fonds canadien de protection des investisseurs. RBC Dominion valeurs mobili\u00e8res Inc. est une soci\u00e9t\u00e9 membre de RBC Gestion de patrimoine, division op\u00e9rationnelle de Banque Royale du Canada. \u00ae \/ MC Marque(s) de commerce de Banque Royale du Canada, utilis\u00e9es sous licence. \u00a9 RBC Dominion valeurs mobili\u00e8res 2026. Tous droits r\u00e9serv\u00e9s."},"rbcwm_insight_cta_id":[10888],"rbcwm_pagination":{"next_link":"","next_link_text":"Next article","previous_link":"","previous_link_text":"Previous article"},"rbcwm_video_duration":"","article_time":"","rbcwm_enable_toc":true,"rbcwm_toc_selector":"h2"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Notre point de vue sur la\u00a0critique m\u00e9diatis\u00e9e du\u00a0cr\u00e9dit priv\u00e9<\/title>\n<meta name=\"description\" content=\"Fournir une perspective sur certains des vents contraires auxquels le march\u00e9 du cr\u00e9dit priv\u00e9 est confront\u00e9.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Notre point de vue sur la\u00a0critique m\u00e9diatis\u00e9e du\u00a0cr\u00e9dit priv\u00e9\" \/>\n<meta property=\"og:description\" content=\"Fournir une perspective sur certains des vents contraires auxquels le march\u00e9 du cr\u00e9dit priv\u00e9 est confront\u00e9.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit\" \/>\n<meta property=\"og:site_name\" content=\"RBC Gestion de patrimoine\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-22T16:40:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-22T16:40:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2026\/04\/26-Insights-WMC-SOCIAL-the-public-pillorying-of-private-credit-hor-fr.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"chloetejada\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit\"},\"author\":{\"name\":\"chloetejada\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#\/schema\/person\/c2bb0a72d12219d75bf7f724d256ed9c\"},\"headline\":\"Notre point de vue sur la\u00a0critique m\u00e9diatis\u00e9e du\u00a0cr\u00e9dit priv\u00e9\",\"datePublished\":\"2026-04-22T16:40:40+00:00\",\"dateModified\":\"2026-04-22T16:40:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit\"},\"wordCount\":938,\"publisher\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2026\/04\/26-Insights-WMC-WEB-the-public-pillorying-of-private-credit-3210x2140-1.jpg\",\"keywords\":[\"cr\u00e9dit priv\u00e9\"],\"articleSection\":[\"Analyse\",\"Placements\",\"Votre entreprise\"],\"inLanguage\":\"fr-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit\",\"name\":\"Notre point de vue sur la\u00a0critique m\u00e9diatis\u00e9e du\u00a0cr\u00e9dit priv\u00e9\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2026\/04\/26-Insights-WMC-WEB-the-public-pillorying-of-private-credit-3210x2140-1.jpg\",\"datePublished\":\"2026-04-22T16:40:40+00:00\",\"dateModified\":\"2026-04-22T16:40:42+00:00\",\"description\":\"Fournir une perspective sur certains des vents contraires auxquels le march\u00e9 du cr\u00e9dit priv\u00e9 est confront\u00e9.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit#breadcrumb\"},\"inLanguage\":\"fr-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit#primaryimage\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2026\/04\/26-Insights-WMC-WEB-the-public-pillorying-of-private-credit-3210x2140-1.jpg\",\"contentUrl\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2026\/04\/26-Insights-WMC-WEB-the-public-pillorying-of-private-credit-3210x2140-1.jpg\",\"width\":3210,\"height\":2140,\"caption\":\"En regardant les gratte-ciel le soir.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Notre point de vue sur la\u00a0critique m\u00e9diatis\u00e9e du\u00a0cr\u00e9dit priv\u00e9\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#website\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/\",\"name\":\"RBC Gestion de patrimoine\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#organization\",\"name\":\"RBC Gestion de Patrimoine\",\"alternateName\":\"RBC Gestion de Patrimoine\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2023\/02\/rbc.png\",\"contentUrl\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2023\/02\/rbc.png\",\"width\":3000,\"height\":2000,\"caption\":\"RBC Gestion de Patrimoine\"},\"image\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#\/schema\/person\/c2bb0a72d12219d75bf7f724d256ed9c\",\"name\":\"chloetejada\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0b3dde7a1d86146de8471500a717b01fe28aa3a67f2ccf8021ba2d1a62ea01df?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0b3dde7a1d86146de8471500a717b01fe28aa3a67f2ccf8021ba2d1a62ea01df?s=96&d=mm&r=g\",\"caption\":\"chloetejada\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Notre point de vue sur la\u00a0critique m\u00e9diatis\u00e9e du\u00a0cr\u00e9dit priv\u00e9","description":"Fournir une perspective sur certains des vents contraires auxquels le march\u00e9 du cr\u00e9dit priv\u00e9 est confront\u00e9.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit","og_locale":"fr_CA","og_type":"article","og_title":"Notre point de vue sur la\u00a0critique m\u00e9diatis\u00e9e du\u00a0cr\u00e9dit priv\u00e9","og_description":"Fournir une perspective sur certains des vents contraires auxquels le march\u00e9 du cr\u00e9dit priv\u00e9 est confront\u00e9.","og_url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit","og_site_name":"RBC Gestion de patrimoine","article_published_time":"2026-04-22T16:40:40+00:00","article_modified_time":"2026-04-22T16:40:42+00:00","og_image":[{"width":1200,"height":627,"url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2026\/04\/26-Insights-WMC-SOCIAL-the-public-pillorying-of-private-credit-hor-fr.jpg","type":"image\/jpeg"}],"author":"chloetejada","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit#article","isPartOf":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit"},"author":{"name":"chloetejada","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#\/schema\/person\/c2bb0a72d12219d75bf7f724d256ed9c"},"headline":"Notre point de vue sur la\u00a0critique m\u00e9diatis\u00e9e du\u00a0cr\u00e9dit priv\u00e9","datePublished":"2026-04-22T16:40:40+00:00","dateModified":"2026-04-22T16:40:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit"},"wordCount":938,"publisher":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#organization"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2026\/04\/26-Insights-WMC-WEB-the-public-pillorying-of-private-credit-3210x2140-1.jpg","keywords":["cr\u00e9dit priv\u00e9"],"articleSection":["Analyse","Placements","Votre entreprise"],"inLanguage":"fr-CA"},{"@type":"WebPage","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit","url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit","name":"Notre point de vue sur la\u00a0critique m\u00e9diatis\u00e9e du\u00a0cr\u00e9dit priv\u00e9","isPartOf":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit#primaryimage"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2026\/04\/26-Insights-WMC-WEB-the-public-pillorying-of-private-credit-3210x2140-1.jpg","datePublished":"2026-04-22T16:40:40+00:00","dateModified":"2026-04-22T16:40:42+00:00","description":"Fournir une perspective sur certains des vents contraires auxquels le march\u00e9 du cr\u00e9dit priv\u00e9 est confront\u00e9.","breadcrumb":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit#breadcrumb"},"inLanguage":"fr-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit"]}]},{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit#primaryimage","url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2026\/04\/26-Insights-WMC-WEB-the-public-pillorying-of-private-credit-3210x2140-1.jpg","contentUrl":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2026\/04\/26-Insights-WMC-WEB-the-public-pillorying-of-private-credit-3210x2140-1.jpg","width":3210,"height":2140,"caption":"En regardant les gratte-ciel le soir."},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/our-take-on-the-public-pillorying-of-private-credit#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/"},{"@type":"ListItem","position":2,"name":"Notre point de vue sur la\u00a0critique m\u00e9diatis\u00e9e du\u00a0cr\u00e9dit priv\u00e9"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#website","url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/","name":"RBC Gestion de patrimoine","description":"","publisher":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-CA"},{"@type":"Organization","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#organization","name":"RBC Gestion de Patrimoine","alternateName":"RBC Gestion de Patrimoine","url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/","logo":{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#\/schema\/logo\/image\/","url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2023\/02\/rbc.png","contentUrl":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2023\/02\/rbc.png","width":3000,"height":2000,"caption":"RBC Gestion de Patrimoine"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#\/schema\/person\/c2bb0a72d12219d75bf7f724d256ed9c","name":"chloetejada","image":{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0b3dde7a1d86146de8471500a717b01fe28aa3a67f2ccf8021ba2d1a62ea01df?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0b3dde7a1d86146de8471500a717b01fe28aa3a67f2ccf8021ba2d1a62ea01df?s=96&d=mm&r=g","caption":"chloetejada"}}]}},"jetpack_featured_media_url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2026\/04\/26-Insights-WMC-WEB-the-public-pillorying-of-private-credit-3210x2140-1.jpg","jetpack_sharing_enabled":true,"publishpress_future_action":{"enabled":false,"date":"2026-05-01 04:20:38","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"RBC Gestion de patrimoine","distributor_original_site_url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca","push-errors":false,"last_revision_date":"2026-04-22 11:57:19","_links":{"self":[{"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/posts\/29059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/comments?post=29059"}],"version-history":[{"count":8,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/posts\/29059\/revisions"}],"predecessor-version":[{"id":29069,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/posts\/29059\/revisions\/29069"}],"acf:post":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/rbcwm_cta\/10888"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/media\/29060"}],"wp:attachment":[{"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/media?parent=29059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/categories?post=29059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/tags?post=29059"},{"taxonomy":"rbcwm_content_owner","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/rbcwm_content_owner?post=29059"},{"taxonomy":"rbcwm_need","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/rbcwm_need?post=29059"},{"taxonomy":"rbcwm_segment","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/rbcwm_segment?post=29059"},{"taxonomy":"rbcwm_solution","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/rbcwm_solution?post=29059"},{"taxonomy":"rbcwm_topic","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/rbcwm_topic?post=29059"},{"taxonomy":"rbcwm_channel","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/rbcwm_channel?post=29059"},{"taxonomy":"rbcwm_format","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/rbcwm_format?post=29059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}