Jason Sotero

Private credit has matured into a core asset class—but unlike public markets, it remains stubbornly illiquid by design. As investor demand grows and portfolios scale in size and complexity, pressure is mounting to improve agility—whether to rebalance exposures, manage risk, or meet liquidity needs.

But a fundamental question remains: should private credit move toward more frequent secondary trading—or would doing so undercut the very characteristics that make the asset class attractive?