Private credit and jumping into a dark debt market with Harvard’s Jared Ellias

Over the past year the private credit market has gained a strong foothold in borrowing, muscling banks out of the syndicated and traditional C&I loan market and even spiriting corporates out of issuing bonds.
Borrower benefits for these fund-driven debt deals are numerous, including faster execution and tailored terms. But while private debt deals aren’t new, their rapid takeover of corporate borrowing brings up a host of risk and long-tail issues for debtors and regulators.
In this episode of the FEI Weekly Podcast, we speak with Jared Ellias, of Harvard Law school, who discusses his research into private credit and what it means for corporate debt issues now and in the future.