91涩漫

Pension funds are sticking with private credit even as scrutiny intensifies around valuations,聽transparency聽and sector risk.聽Sebastien Betermier,聽Associate聽Professor of聽Finance at the at 91涩漫 Desautels, points to structural advantages that allow large institutions to withstand those pressures.

鈥淟arge institutional investors have an advantage: their scale and long investment horizons allow them to hold聽less聽liquid assets,鈥澛燘etermier聽said. As banks retreat under tighter capital rules, private credit continues to fill the financing gap.

Betermier聽cautions that growing retail participation could amplify liquidity risks, raising the stakes for manager selection and governance.聽