Huw van Steenis On Private Credit's Quiet Transformation

Private credit is undergoing a quiet transformation. Huw van Steenis, partner and vice chair, reflects on the transformative shift occurring in private credit, which has traditionally been the domain of pension funds and the ultra-wealthy, and is now becoming accessible to affluent individual investors. 

As investors adopt diversified credit strategies, such as the "barbell" approach combining low-cost bond ETFs with higher-yielding private credit, the landscape is evolving. However, challenges remain, including liquidity management, cost-effective distribution, infrastructure development, and regulatory oversight. 

Read Huw's full article here in the Financial Times (paywall).