Apr 10, 2026
What is really happening beneath the surface of private markets?
In this episode of the Enterprising Investor, host Mike Wallberg,
CFA, speaks with returning guest, Mark Higgins, CFA, author of
Investing in US Financial History, and Leyla Kunimoto, founder of
Accredited Investor Insights, about emerging stress in private
credit and private equity. They explore investor outflows from
semi-liquid funds, the mechanics and risks of NAV-based valuation,
and the growing disconnect between market narratives and underlying
realities. Drawing on both current market developments and
historical cycles, Kunimoto and Higgins unpack what these trends
could mean for liquidity, pricing, and investor outcomes.
Whether you are an institutional allocator or an individual
investor, this conversation offers a clear-eyed look at the risks
and complexities shaping today’s private markets. Listen now to
gain timely insights and practical perspectives.