Now on Advisor Perspectives, A Proposal to Save Private Credit (Sort Of)*, with guest appearances by Chilean-style capital controls, Aunt Gertie’s barber, and the Steward of Gondor, plus the philosophical question of whether zombies have ghosts.
https://www.advisorperspectives.com/articles/2026/05/18/proposal-save-private-credit
*Confession: This article probably should have been titled, “A Proposal for Improving Semi-Liquid and/or Interval Funds,” but since we uttered the magic words 𝘱𝘳𝘪𝘷𝘢𝘵𝘦 𝘤𝘳𝘦𝘥𝘪𝘵, you probably clicked the link before getting to this disclaimer, whereas the more accurate title could have put you to sleep.
Anyway, the article proposes several modifications to the rules for semi-liquid/interval funds that could reduce the likelihood of “bank run”/”death spiral” outcomes while maintaining the 5% quarterly redemption limits that enable these vehicles to invest in illiquid assets.
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