(HedgeCo.Net) The private credit industry has spent the past decade selling investors on a compelling proposition: access to institutional-style lending, attractive yields, lower day-to-day volatility and a return stream that appears less correlated to public markets. But as retail and wealth-channel demand has surged into private credit funds, one word is now drawing increasing scrutiny from asset managers, allocators and regulators alike: “semi-liquid.”
That label has become central to the...
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