Where Do Millionaires Invest With Neo Group's Nitin Jain
Private debt is set to grow tenfold in the next five to 10 years, according to Nitin Jain.Investment funds including Blackstone, Blackrock and Lone Star are now focusing on private debt, with most of them growing this portfolio at a faster rate than their private equity portfolio, said Jain, founder and chairman at the Neo Group, which manages money for high-net-worth individuals.Private debt, or loans to companies by private investo...