The Importance of Private Credit in Portfolios

Private credit is an excellent product in particular for the type of individual you're describing. You do not need to worry as it relates to your overall income about receiving a coupon that's less valuable because rates are moving higher. The assets that we're investing in are almost entirely to entirely floating rate, which means that the yield on those assets goes up as rates move higher. And if you're concerned about the creditworthiness of the portfolio that you may own in a period of recession or more fundamental economic difficulty, our argument would be that this is the best risk you can own.