Private credit offers elevated yields, often with strong lender protections. For retail investors and advisors, it is a way to diversify beyond core fixed income and potentially improve the portfolio's income profile. However, it often comes with potential trade-offs — like illiquidity and credit risk — and the biggest issue: barriers to direct investment. The main issue with ETFs accessing private credit is that ETFs face limits to the amount of private securities they can hold. Open-end funds (including E ...