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James Board and Owen Lysak Quoted Private Debt Investor on the Democratisation of Alternatives in Europe
Partners James Board and Owen Lysak were quoted in an article titled “European Lenders Prepare for Influx of Retail Investment”, exploring the retailisation of private credit in Europe, driven by regulatory changes such as ELTIF 2.0 and investor interest beyond public markets. James highlights the current ELTIF structure is a “useful tool in the toolbox”, however ““with their rules on leverage and liquidity, it means that they may not be able to generate quite the same performance as other products that are out there.” Owen also highlights education is the key to helping retail investors understand the risks of private debt “that’s why you really will see a move away from the use of term ‘semi- liquid.” He explains, “there’s a concern that this suggests to end investors that these products have a different type of liquidity profile than they do in practice. It’s nothing like a daily traded fund.”
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