“Private Credit’s State Backstop: How Private Equity Socializes Risk Through Insurers” with Andrew Granato and Pranjal Drall

Thu, Aug 06, 2026 | 11:00 am ET

The Capitol Forum will host a conference call with Andrew Granato, Assistant Professor at the University of Texas School of Law, and Pranjal Drall, a J.D.-Ph.D. candidate in Financial Economics at Yale University, to discuss their recent paper, “Private Credit’s State Backstop: How Private Equity Socializes Risk Through Insurers.” The discussion will also touch on The Capitol Forum’s recent reporting on private equity-backed life insurers’ exposure to private credit and the regulatory risks associated with those investments.

For assistance, contact: events@tcfpress.com.

The discussion topics will include:
  • The rise of private credit
  • Why private equity firms started buying life insurers
  • Assessing the risks to the current system
  • How to reform state insurance regulation

Speakers:

Andrew Granato

Andrew Granato is an Assistant Professor at the University of Texas School of Law. His scholarship focuses on financial regulation, bankruptcy, corporate governance, and the intersection of law and financial markets. He is the co-author of “Private Credit’s State Backstop: How Private Equity Socializes Risk Through Insurers.”

Pranjal Drall

Pranjal Drall is a J.D.-Ph.D. candidate in Financial Economics at Yale University. His research focuses on financial regulation, corporate law, and the economics of financial markets. He is the co-author of “Private Credit’s State Backstop: How Private Equity Socializes Risk Through Insurers.”

Your Host Teddy Downey

Executive Editor at The Capitol Forum

Reserve your spot today!