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Phantom Stability: Private credit and what’s already in your clients’ 401(k)s
The product behind those headlines is private credit. It’s a $3.5 trillion market most clients have never heard of, and the executive order signed in August of 2025 opened the door to bring it directly to the $13 trillion defined contribution market — meaning the 401(k)s most clients think they understand.
Greg DuPont
Jun 163 min read
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