The PE Money Tree with Andrew Granato and Pranjal Drall | Private Credit Crisis

Private equity firms have spent the last decade buying up life insurers, and now those insurers hold a growing share of private credit. If those bets go bad, state guaranty funds, and ultimately policyholders, could be left covering the losses.

Today on Private Credit Crisis, Executive Editor Teddy Downey talks with Andrew Granato of the University of Texas School of Law and Pranjal Drall of Yale University about their paper on how private equity shifts that risk onto the states, and what regulators can do about it.