Private credit has moved from niche to mainstream, and with that growth has come a less glamorous but increasingly important question: what happens when a fund promises investors periodic liquidity while holding assets that are inherently hard to sell?
Semi-Liquid Private Credit Funds: Liquidity…
Private credit has moved from niche to mainstream, and with that growth has come a less glamorous but increasingly important question: what happens when a fund promises investors periodic liquidity while holding assets that are inherently hard to sell?