In this conversation, Craig and Fabio are joined by Oliver Wyman Vice Chair Huw Van Steenis to discuss the evolution and current state of private credit as an asset class, its ecosystem, benefits, risks, and the implications for financial stability. They explore the growing importance of private credit in the context of AI and data centers, as well as the potential for investment in nuclear power. The discussion highlights the need for better pricing transparency and the challenges of liquidity in retail access to private credit.