Miner Company
Playgrounds, Dog Parks, And Private Credit: All Have Fences And Gates For The Same Reason
Private credit's perceived “problem” is driven by retail investors' failing to understand what they've bought, not elevated default rates or credit quality issues. Private credit traditionally offered higher yields and better structuring than public debt, appealing to institutional investors who were not troubled by less liquid assets.
Private credit's perceived “problem” is driven by retail investors' failing to understand what they've bought, not elevated default rates or credit quality issues. Private credit traditionally offered higher yields and better structuring than public debt, appealing to institutional investors who were not troubled by less liquid assets.