Private Credit Touts 'Fund-of-One' to Court Wealth Giants.

Many of the world's largest investors are turning to "fund-of-one" positions, known as single-managed accounts (SMAs), to gain a larger share of the $1.7 trillion private credit market. SMAs offer reduced fees and allow investors to customize their investments based on their preferences. This trend has attracted conservative investors and could help boost fundraising in the private credit market. However, SMAs may only be suitable for the largest investors due to the administrative complexities involved. [Extracted from the article]

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