Trillions
The Apollo ETF Landing
Sep 26, 2024
Vilda, a cross-asset reporter at Bloomberg News, dives into the exciting world of blending illiquid private credit into liquid ETFs. She discusses the recent partnership between State Street and Apollo and its potential to democratize private investment access. The conversation touches on regulatory challenges, liquidity concerns, and how this move could reshape the investment landscape. Vilda also shares insights into the innovative strategies behind ETF tickers, adding a fun twist to the serious financial discussions.
22:03
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Quick takeaways
- The introduction of Apollo and State Street's ETF aims to democratize access to private credit for retail investors, challenging existing market structures.
- The proposed ETF's liquidity backstop is a crucial innovation that could enhance investor confidence during market volatility and regulatory hurdles.
Deep dives
Growth of Private Credit and Its Market Dynamics
Private credit has emerged as a significant financial sector, particularly following the financial crisis. This market includes many non-bank institutions that are now worth trillions, primarily catering to large entities such as pensions and hedge funds. The podcast delves into the ongoing efforts to democratize access to private credit through innovative structures like ETFs, enabling retail investors to tap into this previously exclusive space. This transition presents a competitive landscape where firms are striving to successfully bridge the gap between illiquid private assets and liquid investment vehicles.
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