The last can private equity will kick down the road "Private equity (PE) firms have acquired large life insurers and loaded their balance sheets with private credit assets that are opaque and difficult for regulators to value...when a life insurer becomes insolvent, state-based guaranty funds protect insurance policyholders by "assessing" surviving insurers to cover the shortfall. In most states, such outlays are fully creditable against state premium taxes over time..PE-owned life insurers reflect a structural transformation in which an insurer supports a broader asset-management business that is designed to extract value upfront and impose losses on others. PE firms exploit this regulatory regime by pairing life insurers with private credit to capture value from both sides" #privateequity# #privatecredit# #insurance#

Private markets are moving on-chain, but does tokenisation remove friction or just move it? Jeroen Gillekens (@LayerZero_Core), Maarten van der Noordaa (@Rabobank), Antonina Karwasińska (@BankPekaoSA) and Samiz Bayan (@DraperDragon) discussed access, liquidity and distribution across private equity, private credit and real assets. Where could tokenisation remove the most friction?

Private credit has evolved. Meet VBDC. @ValinorDigital's VBDC is now onchain. Same private credit exposure, now open to qualified investors with daily liquidity. Learn more:

Private credit has always been relationship-driven and hard to access unless you're already in the room. Hadron gives originators the infrastructure to tokenize private credit and open access to a broader base of qualified investors.

Private credit is coming for retail portfolios, and the CFA Institute is warning investors not to ignore the fine print. The issue is liquidity. Some funds offer periodic redemptions while holding loans that can be hard to sell or value in a downturn.