Ken Griffin suggests wealthy individuals do not understand private credit risks

ken griffin, the founder of citadel, said some wealthy investors don't fully grasp the risks in private credit. his point: they may not realize they can't pull all their money out quickly from these funds. private credit has grown rapidly in recent years, drawing in big money from institutions and rich individuals. but the funds are illiquid — unlike public stocks or bonds, you can't sell your stake overnight. griffin's comment is a rare public warning from someone inside the industry. most managers of private credit funds have been happy to take the inflows without much cautionary talk.