Private Credit

The Private Credit session compares investments in floating rate private credit loans and fixed rate public bond markets.

Learning Objectives:

• Understand the differences in risk and return by investing in public and private credit, as well as fixed and floating rate investments
• Discuss the range of private credit investments, including business development companies (BDCs), direct lending, mezzanine, distressed, specialty finance, real asset credit, bridge financing, and special situations
• List the risk, return, and liquidity characteristics of private credit, including the portfolio construction implications of funding allocations from equity, investment grade, and high yield debt