Daily Pricing Is Not Daily Liquidity

Published on May 13, 2026

Within private credit, attempts to increase liquidity – the ability to buy or sell an asset quickly, in size, and at prices reflecting fundamental values – are welcome developments, in our view. Yet until these efforts address the market’s inherent structural constraints, including a lack of true price discovery, they will only increase the perception of liquidity without truly improving liquidity.

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Resolving the Trade Emergency

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The Productivity Paradox: Why AI Is Making Advisors Busier

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