A Quick Tutorial on Private Credit

About this episode

Colin and Greg discuss private credit, its growth post-2008 financial crisis, and the concept of illiquidity premium.

Some private credit funds have recently faced redemption pressure, bringing renewed attention to liquidity risk in the asset class. Colin and Greg walk through what private credit is, why it grew rapidly after the 2008 financial crisis, and how the "illiquidity premium” works in practice on The Free Lunch Podcast. If you've been hearing a lot about private credit lately and weren't totally sure what to make of it, this one is for you.

People in this episode

Hosts: Colin, Greg

Topics covered

• private credit
• liquidity risk
• illiquidity premium
• financial crisis
• investment strategies

Keywords

• private credit
• liquidity risk
• 2008 financial crisis
• illiquidity premium
• investment

More episodes of Free Lunch

• Mentoring for discipline, not NVIDIA... · June 10, 2026 · 19 min
• Estate Planning in Canada. Protecting Your Family, Wealth & Legacy. · June 3, 2026 · 34 min
• What do you do for research? · May 27, 2026 · 28 min
• Talk’n Bonds with Tony Crescenzi · May 15, 2026 · 32 min
• Illusion of Income · May 6, 2026 · 25 min
• Decorum and Diplomacy · April 29, 2026 · 20 min