Churchill's Kencel on the State of Private Credit

Can most players survive several quarters of redemptions. If you're a fund constantly being hit, constantly getting more than that 5% breach. Are there impacts on portfolios and maybe wider asset classes if they're having to sell attempt to sell an illiquid asset.Yeah, I think a lot of this comes down to how reliant the manager is on retail, right. There have been managers that have raised significant retail capital and in fact, if you look at their age when it's 50, 60% retail, right. So when they get pres ...