The private credit question

Sana Iqbal00:04:50–00:04:58

Define liquidity risk for a normal human.

Marta Voss00:05:00–00:05:22

Liquidity is a coat everyone believes they own until the weather turns and there's one coat for the whole room.

Sana Iqbal00:05:24–00:05:32

That's going on a poster somewhere.

Sana Iqbal00:06:21–00:06:39

Private credit raised more last quarter than the previous three combined. You're not a buyer?

Marta Voss00:06:41–00:06:58

I'm a student of what happens when illiquid assets meet quarterly liquidity promises.

Marta Voss00:07:00–00:07:27

The private credit boom ends with gates. Someone big will suspend redemptions within a year, and everyone will say it was unforeseeable.

Sana Iqbal00:07:29–00:07:37

Name a date.

Marta Voss00:07:39–00:07:47

Within a year. Hold me to it.