# Block 036 — Credit leveraged loan / private credit context

**Status:** ○ queued
**Phase:** Phase 1 (Credit)

## Topic scope

Leveraged loan market structure. CLO mechanics. Private credit growth. BDC structures. Shadow banking context.

## Plan

_(Filled at session close of prior block, per 2026-06-23 convention.)_

## Carry-forward to next block

_(Filled at session close.)_