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Webinar

Convergence of credit markets: The blurring of lines between private and public credit

Overview

The shift to private credit began as a response to ultralow policy rates and risk-based constraints on bank lending. Since then, the boundaries between public and private credit have increasingly overlapped, reshaping capital markets and expanding the financing landscape for issuers and investors alike.

This first installment in a series of private market webinars sponsored by PGIM and hosted by CFA Institute explores the confluence of public and private credit, examining how this evolution is influencing capital structure decisions, investment approaches, and portfolio construction.

In this webinar, we will discuss the development of private credit markets, the opportunities across the credit universe, and the implications for issuers, investors, and asset allocators.

Timings:

1:00 PM ET | 6:00 PM BST

This webinar is worth 1 PL credit. If you are a CFA Institute member and attended live or watched the recording on your own time, you may self-report this activity in your tracker.

Key Takeaways

  • Diversification Benefits: Learn more about the role of private credit in areas such as middle markets, large-cap lending, asset-based lending, and infrastructure debt.
  • Investment Strategies: Understand the distinctions among investment vehicles including collateralized loan obligation (CLO) ETFs, as well as publicly traded and non-traded business development companies (BDCs).
  • Portfolio Implications: Explore the interplay between public and private credit investments, including risk exposure, liquidity, and correlation across these asset classes.

Join us for this expert-led discussion that will help demystify the expanding private credit space. Whether you are evaluating risk-adjusted returns, exploring new portfolio strategies, or navigating emerging structures, this session will provide practical insights to support informed investment decisions in a rapidly transforming credit environment. Sponsored by PGIM.

Speakers

James Adams, CFA
Senior Director, Learning Content
CFA Institute
Matt Douglass
CEO
PGIM Private Capital
Dr Ralph Eissler, CFA
Head of Private Assets Research & Development
MSCI

Webinar

Convergence of credit markets: The blurring of lines between private and public credit

Complimentary