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Nelson Chu, Founder and CEO of Percent - Powering the Future of Private Markets

Wharton FinTech Podcast

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Private Debt

I would assume that private debt is slightly a secure asset class than public debt, right? Can you talk about that aspect of it and what are the traditional default rates that you have seen in these kinds of instruments. We're tracking at around a 1.59% default rate for all the small and medium sized transactions on the platform. And this is over three years and change at this point, right? So it's a pretty good track record.

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