ARE PRIVATE CREDIT AND ALT INVESTMENTS THE NEW KINGS OF WALL STREET?

The discussion centers on the growth and evolution of the private credit and alternative investments industry, which is projected to expand significantly by 2028. Panelists highlight the industry's shift towards institutionalization and the convergence of private and public markets. They emphasize the need for the industry to focus on generating alpha and providing liquidity, especially in the context of democratizing access to private investments. The conversation also touches on the importance of educating retail investors about the illiquidity of private equity funds. Additionally, the panelists discuss the potential for private capital to drive purposeful investments in sectors like healthcare, energy transition, and cybersecurity. The discussion concludes with insights into the current economic cycle, highlighting geopolitical uncertainties and the strength of the U.S. economy.