On Tuesday, October 27 at 11:00 a.m. ET, The Capitol Forum will host a conference call with Chuck Fang, Assistant Professor of Finance at Drexel University, as part of our Private Credit Crises series.
The discussion will explore his recent NBER working paper, “The Fragility of Semi-Liquid Private Credit Funds”, and an upcoming new draft of “Sophisticated Price Inflation in Private Credit Funds.” Using cutting-edge econometrics, theory, and meticulously assembled data, Fang examines how fund managers may exploit investors’ inability to withdraw their money to avoid marking assets down to their true market value, and how even private credit funds with withdrawal limits are at risk of bank-run-like scenarios.
The conversation will also examine how the explosion of private credit may be affecting inflation and long-term interest rate sensitivity, as well as how Fang created a dataset to track debt issued by firms through shell companies.
For assistance, contact: events@tcfpress.com.
The discussion topics will include:
Chuck Fang
Chuck Fang is an Assistant Professor of Finance at Drexel University. His research focuses on debt markets, non-bank financial intermediation, and monetary policy. He received his Ph.D. in Finance from the Wharton School of the University of Pennsylvania in 2023 and has B.A. degrees in Economics, Mathematics, and Statistics from the University of California, Berkeley, in 2015.
Your Host Teddy Downey
Executive Editor at The Capitol Forum
