Virtus Private Credit Strategy (VPC)

Over last 5 years, price has contracted 16% and this has impacted the total return. The one he prefers now is BIZD.

Exposure to private credit managers and private equity managers. Focus is on income generation. Credit risks are still there, but the public market volatility risks associated with interest rates are not. Likes them, but you need a diversified approach to private markets.

Bottom line is it doesn't work. You can't earn the illiquidity premium you're earning in the private markets, yet still have the liquidity of public markets if you want to sell and get your money back the next day.

Good way to get exposure to private credit. Would recommend buying. Good for long term investors.