Private credit Archives - Retirement Income Journal

Major financial firms partner on public/private model portfolios

By Editorial Staff Wed, Jul 1, 2026

The partnership combines Morningstar Wealth’s research and asset allocation expertise, public market strategies from Franklin Templeton and J.P. Morgan Asset Management, and private market strategies from Apollo and Franklin...

Published July 2026

New private credit analysis tool created by Morningstar

By Editorial Staff Tue, Jun 2, 2026

'The Corporate Credit Analytics platform brings three tools together to replace fragmented, non-comparable data with consistent, comparable credit analysis,' a Morningstar release said.

Published June 2026

No Rush to Private Credit Among DC Plan Advisors

By Editorial Staff Mon, Jun 1, 2026

'There doesn’t appear to be a groundswell of demand,' said Deb Dupont, vice president of institutional retirement research at LIMRA, which sponsored the survey of 160 plan advisors in...

Published June 2026

Former American Equity CEO partners with Agam Capital

By Editorial Staff Mon, May 4, 2026

A new RIA formed by Anant Bhalla (right), the CEO of American Equity Investment Life from 2020 to 2024, is partnering with Agam Capital, a global asset manager that...

Published May 2026

ChatGPT on ‘Dispersion’ and ‘Beta’ in Private Credit

By Kerry Pechter Sun, May 3, 2026

I recently asked ChatGPT to help translate some of the private credit patois that I heard at recent conferences. People were talking about 'dispersion.' And they were saying, 'Private...

Published May 2026

Private Credit News

By Editorial Staff Tue, Feb 3, 2026

Dimon’s ‘cockroach’ comment sparks minor run on private credit firms; Global watchdogs scrutinize private credit ratings; Eldridge and Carlyle AlpInvest credit fund gets ~$1.5 billion.

Published February 2026

RIJ and ChatGPT Discuss ‘Business Development Companies’

By Editorial Staff Tue, Jan 6, 2026

In the many-layered world of private credit, 'business development companies' are an important component. Their bland name tells us nothing. But what are they exactly, and what role could...

Published January 2026

The Private Credit Instability Hypothesis

By Kerry Pechter Mon, Dec 1, 2025

Private credit might be healthy in moderation. But 'moderation' isn't Wall Street's modus operandi. We shouldn't expect that to change.

Published December 2025

A Bridge from Private Markets to 401(k)s?

By Kerry Pechter Sun, Nov 2, 2025

Secondaries are to private markets what repo markets once were to banking —a critical but sometimes invisible layer of leverage and liquidity.

Published November 2025

RIJ and ChatGPT Discuss ‘Funding Short’

By Kerry Pechter Wed, May 28, 2025

Life insurers used to be known as champions of 'asset-liability matching,' or ALM. Today, many of them are doing the opposite by 'funding short.' Here's a transcript of RIJ's...

Published June 2025

The NAIC, the FIO and the ‘Bermuda Triangle’

By Kerry Pechter Tue, May 6, 2025

The Federal Insurance Office has issued warnings about the ties of private equity-led life insurers to 'shadow banking' and 'shadow insurance.' Why do state insurance commissioners want to shoot...

Published May 2025

CLOs: The 4th Leg of the ‘Bermuda Triangle’

By Kerry Pechter

Ownership of life/annuity companies has given PE companies a tool for tapping the virtually bottomless pool of tax-deferred U.S. retirement savings for their high-profit, lightly-regulated private credit businesses.

Published May 2025

A Primer on Collateralized Loan Obligations, from ChatGPT

By Kerry Pechter Sat, Apr 26, 2025

CLOs have boosted the yield of the general accounts of private equity-led life/annuity companies over the past decade. ChatGPT explains CLOs, using Apollo/Athene as an example.

Published May 2025

Slow-Walking the Oversight of Insurers and CLOs: 2010 – 2025

By Editorial Staff

Committees at the National Association of Insurance Commissioners since 2014 have been studying how best to regulate the purchase of collateralized loan obligation tranches by life/annuity companies from asset...

Published May 2025

Cross-Fire: NAIC and Fed Economists Release Same-Day Zingers

By Kerry Pechter Wed, Mar 26, 2025

On March 21, Federal Reserve economists published research warning about increases in high-risk lending by U.S. life insurers. On the same day, the National Association of Insurance Commissioners asked...

Published April 2025

Open Letter to NAIC’s Life Actuarial Task Force

By Peter Gould Sat, Mar 1, 2025

'You encourage and abet the whack-a-mole behavior of insurers that regulators have tolerated in the industry—to the detriment of consumers... I don't want to be left holding the (empty)...

Published March 2025

Private Credit AUM

By Peter Gould Tue, Feb 25, 2025

Published March 2025

Private Credit AUM to Double by 2028: Moody’s

By Editorial Staff Sat, Feb 1, 2025

The Moody’s report showed that, as of the end of the third quarter of 2024, private credit and insurance assets accounted for 52% the AUM of the four largest...

Published February 2025

Nut Case: Prudential and Brighthouse’s Bets on Pistachios

By Kerry Pechter Fri, Jan 3, 2025

A California pistachio grower defaulted on $1 billion in loans from Prudential, Brighthouse Life, and U.S. Bank this year. Their legal efforts to seize the collateral offer a glimpse...

Published January 2025

Private credit

Major financial firms partner on public/private model portfolios

New private credit analysis tool created by Morningstar

No Rush to Private Credit Among DC Plan Advisors

Former American Equity CEO partners with Agam Capital

ChatGPT on ‘Dispersion’ and ‘Beta’ in Private Credit

Private Credit News

RIJ and ChatGPT Discuss ‘Business Development Companies’

The Private Credit Instability Hypothesis

A Bridge from Private Markets to 401(k)s?

RIJ and ChatGPT Discuss ‘Funding Short’

The NAIC, the FIO and the ‘Bermuda Triangle’

CLOs: The 4th Leg of the ‘Bermuda Triangle’

A Primer on Collateralized Loan Obligations, from ChatGPT

Slow-Walking the Oversight of Insurers and CLOs: 2010 – 2025

Cross-Fire: NAIC and Fed Economists Release Same-Day Zingers

Open Letter to NAIC’s Life Actuarial Task Force

Private Credit AUM

Private Credit AUM to Double by 2028: Moody’s

Nut Case: Prudential and Brighthouse’s Bets on Pistachios

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