PE-style “whitelists” hamper efforts to expand the secondary market for fund stakes, as regulators raise liquidity concerns about private capital.

Private credit has fast become a Wall Street favorite and is attracting cash from hedge funds, sovereign wealth funds, insurers and pension providers as well as private equity firms.

Sequoia Sentinel represents about 55% of the firm’s assets and serves clients with a minimum of $20 million.

Some financial planners are recommending clients buy the largest cryptocurrency — in moderation.

Since 2018, state and local-government debt has gained in November.