Retail investors in private credit

Iñaki Aldasoro, Sebastian Doerr and Karamfil Todorov

No 106, BIS Bulletins from Bank for International Settlements

Abstract: Private credit is poised for wider participation from retail investors through the rapid growth of business development companies and, more recently, private credit exchange-traded funds (ETFs). ETFs may introduce price signals that make the opaque private credit market more transparent, especially during downturns when discounts to net asset value could be large and persistent.The rise of retail investment vehicles may also give impetus to the creation of secondary markets for currently illiquid private loans, which could erode the benefits of private credit as an asset class.

Pages: 8 pages
Date: 2025-07-09
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.bis.org/publ/bisbull106.pdf Full PDF document (application/pdf)
https://www.bis.org/publ/bisbull106.htm (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bis:bisblt:106

Access Statistics for this paper

More papers in BIS Bulletins from Bank for International Settlements Contact information at EDIRC.
Bibliographic data for series maintained by Martin Fessler ().