We explore what private credit, or direct lending, is and how to invest in it. We also show how it is similar and different from investing in leverage loans and CLOs.

Topics covered include:

• Why more companies are staying private
• How private credit differs from the leverage loan market
• Why private credit is growing so rapidly
• What are the benefits to private credit investing
• What are liquid and less liquid ways to invest in private credit

Sponsors

Stawberry.me

Acorns

Insiders Guide Email Newsletter

Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter

Our Premium Products

Asset Camp

Money for the Rest of Us Plus

Show Notes

The Credit Markets Go Dark by Jared A. Ellias and Elisabeth de Fontenay—SSRN

The Lost Promise of Private Ordering by Cathy Hwang, Yaron Nili, and Jeremy McClane—SSRN

Investments Mentioned

VanEck BDC Income ETF (BIZD)

Barings Corporate Investors Fund (MCI)

Long Angle

Cliffwater Enhanced Lending Fund

BlackRock Private Credit Fund (BDEBT)

BondBloxx Private Credit CLO ETF (PCMM)

Virtus Seix AAA Private Credit CLO ETF (PCLO)

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.