Wall Street's Latest Love Child: Private Credit Goes Public
Key Points
- Buyers from Main Street can now access private credit throug...
Finally, the investment world's most exclusive club just got crashed by regular folks with a brokerage account. Who needs a seven-figure net worth when you've got an ETF ticker?
From Fancy Suite to Main Street
State Street Global Advisors and Apollo Global Management have birthed the SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV), bringing private credit to the masses with a modest 0.70% expense ratio. It's like getting VIP access without having to know the bouncer - or have a trust fund.
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