BondBloxx COO on Private Credit CLO ETF (PCMM)

The video discusses the innovation of private credit ETFs, focusing on CLOs that hold loans from middle market companies. These companies are significant economic drivers but lack access to public capital markets. The video explains how liquidity is achieved through CLO structures, with Apollo providing a liquidity backstop. It highlights the importance of diversification and skilled management in mitigating risks. The CLO industry is noted for its stability and low volatility, having performed well during economic downturns.

What distinguishes the new private credit ETFs from existing products in the market?

Why are middle market companies considered important drivers of economic growth?

What challenges do middle market companies face in accessing capital markets?

How does the CLO structure contribute to the liquidity of private credit investments?

What factors contribute to the low volatility of the private credit industry over the past 15 years?