Subject: Re: OT- Private Credit/Risks
I wanted to add that the layers of fees charged to retail investors are mind-boggling.
My friend has a financial advisor who recommended investing in a private credit fund-of-funds that invests in private credit funds as a limited partner. I counted three layers already, each happily taking their cuts totalling at least 4.5% assets/year. Friend was smart enough to ask me to demystify the 50-page prospectus :-)