State Street’s Private Credit ETF Quintuples After Record Inflow

State Street Corp.’s $100 million private credit ETF got a shot in the arm after a big buyer injected a record amount of cash this week, putting it within reach of a key threshold — half a billion in assets.

The fund, which trades under the ticker “PRIV,” roughly quintupled in one day, taking in nearly $396 million Monday, the biggest single-day inflow since the fund launched last February. The ETF had struggled to attract assets since its debut, but the haul brought the fund’s assets to a record of around $496 million.