In Alternative Views, Private Equity Wire® goes behind closed doors with those in the know to get the latest on private markets. In this episode we discuss the stress in the private credit market with Mitchell Caplan, CEO of retail-focused private markets platform Willow Wealth.
Caplan, who is the former CEO of the online platform E-Trade, argues that the redemptions surge in private credit was driven by the actions of financial advisors.
We cover why Caplan views the crisis to be a mismatch of liquidity expectations (0:55); investor education, and how financial advisors may have helped drive redemptions (2:54); why retail investors could be more disciplined in their approach than advisors (5:03); the importance of designing guardrails for retail exposure (9:01); and why he thinks it’s too soon to know if there is a systemic risk in private credit (10:40).
