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How Institutional Investors Are Managing the Private Credit Crisis

Are the BDC redemptions an overreaction or a harbinger of more to come? 

Michelle Celarier

Opinion: We Built Discretion into These Funds. Then We Gave It Away.

Everyone is a long-term investor until they’re not. For a decade, our industry has been designing and promoting products that make it seem like you can be both at the same time.
Aaron Filbeck March 6, 2026