Spreads May Be Converging Across Public and Private Markets, But Liquidity Is Not

Published on March 20, 2026

Proposals to engineer secondary trading in private assets, often championed by vocal critics of public market liquidity, have gained renewed momentum. For some, enhanced tradability is viewed as a remedy to growing unease over the absence of transparent, real‑time valuation signals in private portfolios.

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With Rising Oil Prices, This Is the Portfolio Opportunity Not to Miss

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Economic dislocations create opportunities. While many market watchers are seriously concerned about the microshifts in markets and stocks, others may see the opportunities that emerge when oil prices spike.

In Private Credit, Illiquidity Is a Feature, Not a Flaw

March 20, 2026
Private credit is a key pillar of debt capital formation alongside public credit markets and bank balance sheets. But an important part of its value proposition—to borrowers and end investors—is its illiquidity relative to public markets. That distinction is by design, and we think it should stay that way.