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Liquid Courage Video-Podcast
Primary-source thought leadership on the global private capital secondaries markets
Guest Speaker

Eric Green

Partner, Upwelling Capital

Eric Green is a Partner at Upwelling Capital who brings deep expertise in private credit markets to the Liquid Courage podcast. With a career spanning the evolution of direct lending from its pre-GFC origins to today's multi-trillion-dollar market, Green offers unique perspective on how credit secondaries are emerging as a critical liquidity channel. He tracks the shifting landscape of mid-sized credit managers and the growing role of GP-led continuation vehicles in the private credit ecosystem.

Topics covered on Liquid Courage:
  • Evolution of private credit secondaries from distressed-focused to performing credit
  • Mid-sized credit manager fundraising challenges and secondary market solutions
  • Gp-led continuation vehicles in private credit funds
  • Bdc liquidity dynamics and semi-liquid product misconceptions
  • Growth of private credit allocations among institutional investors
  • Opportunistic secondary strategies during credit market dislocation
  • Transition from bank balance sheet lending to commingled fund structures

Liquid Courage Episodes

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Welcome to Liquid Courage!

About Liquid Courage

Liquid Courage is a video-podcast presenting thought leadership and research on the global private capital secondaries markets. On a regular basis, Liquid Courage convenes expert conversations about the investment opportunities and macro themes driving the secondaries market, including GP-led transactions, continuation vehicles, LP portfolio management, and the evolving role of secondaries across private equity and private credit.

Liquid Courage is hosted by financial journalist David Snow, a long-time chronicler of the alternative investment market.