Private credit funds promise investors access to their money, but that promise can be difficult to keep when many people want to cash out at once.

Itay Goldstein, Wharton Professor of Finance, explains why private credit funds that invest in illiquid assets can face a dangerous mismatch between investor redemptions and the cash they have available. He discusses the recent pressure on funds with exposure to software companies, how concerns about AI have affected investor sentiment, and why declining inflows can magnify a liquidity crunch.

Goldstein also explores what funds mean when they describe themselves as liquid, the risks of offering semi-liquid products to retail investors, and how clearer product design could help investors better understand when and how they can access their money.

Hosted on Acast. See acast.com/privacy for more information.

The best opportunities at work do not always go to the most qualified person.

Judd Kessler, Howard Marks Endowed Professor and Wharton Professor of Business Economics and Public Policy, explores the hidden rules that determine who gets scarce workplace resources, from a manager's attention to high-profile assignments and professional development. He explains how employees can better navigate these systems and how leaders can design rules that are more equitable and effective.

The conversation also highlights Lucky by Design: How to Navigate Hidden Markets, a Wharton Executive Education course taught by Kessler that applies these ideas to real workplace decisions. Learn more at Wharton Executive Education.

Hosted on Acast. See acast.com/privacy for more information.

Can the United States build enough power infrastructure to sustain the AI boom?

Serguei Netessine, Wharton's Senior Vice Dean for Innovation and Global Initiatives, examines the unprecedented electricity demand created by AI data centers and hyperscalers. He explains how rapid growth in computing power is testing an aging grid, reshaping infrastructure investment, and raising urgent questions about energy policy.

Netessine also explores the potential role of energy storage, flexible computing, utility regulation, and industrial electricity pricing. He considers what happens when data centers build their own power supply and why coordinated action is essential for the United States to remain competitive in AI.

Hosted on Acast. See acast.com/privacy for more information.