Why Private Credit Got Entangled With Insurance
Summary
Hosts Tracy Alloway and Joe Weisenthal discuss the growing nexus between private credit and insurance with guests Andrew Granato and Pranjal Dral. They analyze how private equity firms use insurers to access patient capital for risky loans, potentially socializing losses through state guarantee funds. The episode highlights regulatory gaps and opacity in private credit valuations that could expose policyholders and taxpayers to hidden risks.
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