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Columbia Business School’s Tomasz Piskorski spoke with Barron’s about the growing role of private credit in investment portfolios, particularly for retirement planning. Piskorski discussed how private credit can offer higher yields compared to traditional fixed-income assets, while also introducing unique risks related to liquidity and transparency. His insights, supported by his research “Private Credit, Balance Sheets and Financial Stability,” highlight how the expansion of private credit markets is reshaping investment strategies and raising important considerations for financial stability.
