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Animal Spirits Podcast

Talk Your Book: A $20 Trillion Dollar Market Opportunity

Jun 17, 2024
Bob Long, CEO of StepStone Private Wealth, discusses private credit basics, Dodd-Frank Act impact, StepStone deals, higher yields, and more with hosts. They explore growth of private credit, benefits of direct lending, challenges for retirees, liquidity in private credit, and specialty lending strategies. They also highlight democratizing access to institutional deals through new funds.
42:33

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Private credit offers higher yields and diversification through specialty credit in contrast to traditional lending practices.
  • Direct lending in private credit provides more efficient outcomes with lower default rates compared to traditional bank-syndicated loans.

Deep dives

Overview of Private Credit Growth and Popularity

Private credit has been steadily growing and is a topic of increasing interest. Bob Long from StepZone Private Wealth discusses the continuous growth and relevance of private credit as an asset class. They explore the balance between popularity and familiarity around private credit, emphasizing the need for a nuanced discussion for advisors regarding risks, returns, and structures.

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