Regulatory Compliance Watch: Growing Pains Seen In Private Credit

Some experts see private credit’s recent troubles as the growing pains that naturally accompany a maturing market. O’Melveny partner and co-chair of the Securities Litigation and Financial Services Practice group Meaghan VerGow said: “This is the legal and compliance framework maturing along with the growth of the industry, but private credit is here to stay. You have private credit because there’s a need, and it’s being met.” Additionally, partner Lauren Wagner said: “There’s a concerted effort to increase retailization of this asset class, so I think market participants will be paying attention to the distribution channels and the way that they are communicating to investors about these products.”

You can read the full article here.