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cover of episode Funny Business Is My Business: PRIV, HHH, WARS

Funny Business Is My Business: PRIV, HHH, WARS

2025/2/28
logo of podcast Money Stuff: The Podcast

Money Stuff: The Podcast
AI Chapters Transcript
Chapters
This chapter explores the launch of the first-ever private credit ETF, focusing on its potential benefits and risks. The discussion involves liquidity concerns, the role of Apollo as both asset provider and liquidity provider, and the potential implications for the future of private credit investment.
  • Launch of the SPDR SSGA Apollo IG private credit ETF (ticker: PRIV)
  • Concerns about liquidity and potential for liquidity crunches
  • Apollo's role as both asset provider and liquidity provider through contractual obligation to buy back assets
  • 70 basis points fee: analysis of whether it is high or low for such a product

Shownotes Transcript

Katie and Matt discuss Apollo and State Street's private credit exchange-traded fund launch, Bill Ackman's efforts to build his own Berkshire Hathaway, and memecoins as bankruptcy bidding currency.

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