Private credit explained: liquidity, diversification and the risks investors miss

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Private credit has moved from an institutional niche into the portfolios of everyday investors seeking income and lower volatility. But higher income is not free: investors are paid to accept illiquidity, manager risk and the possibility that redemptions are limited when everyone wants out at once. In this episode of the Australian Investors Podcast, Owen Rask sits down with Nehemiah Richardson, CEO of Pengana Credit, to unpack how corporate private credit works and what investors should understand before committing their money. Nehemiah explains why manager selection matters when loans cannot be traded every day, how diversification across managers, industries, geographies and lending…