Van Steenis: Private credit moving into retirement accounts is exciting for people looking for yield

Do you have a take on just the idea of putting a private investment, alts, it's often called, into a 401k. Um, how do you see that playing out for retail investors generally I would assume who would be accredited investors. Uh, what's your take.Well, look, I think we we are starting to see the mainstreaming of private credit into portfolios. I mean, already affluent and wealthy investors have increased their investments in private credit by two and a half fold in the last 3 years. there's something like abo ...