Exploring the role of high net worth individuals and retail investors in fundraising for private credit, and whether institutional capital will remain the primary source of funding or if private wealth will become more dominant. Also discussing the consolidation of private wealth institutions and the increased flexibility and opportunistic nature of asset allocation for retail investors.
Jess Larsen is in the right place at precisely the right time: after a tough period last year, investor interest in private credit is exploding once again, and his placement agency Briarcliffe Partners is perfectly positioned to benefit from this surge in popularity.
The denominator effect is easing, and LPs are once again finding room for private credit. The asset class gives investors an attractive way to benefit from higher interest rates, but its popularity is also to do with the underperformance of private equity and a proliferation of new strategies.
For this episode of the podcast, we invited Jess to the studio to talk about a rollercoaster year for private credit — and to celebrate the official launch of 9fin's new Private Credit product!