Day of Reckoning Debate Engulfs Private Capital

Welcome to Going Private, I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at one investment trust’s last-ditch attempt to thwart a determined activist, how advisers are counselling clients fretting over private credit and a possible answer to private equity’s liquidity prayers. But first we look desperate calls by industry leaders to focus on facts not fears. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net

Leaders of the world’s biggest money managers are pouring energy into defense of private capital markets, pointing fingers at advisers for failing unwitting investors and at industry foes who they say are manufacturing crisis where none exists.