Retirement Funds Should Take Private Credit, Franklin CEO Says

Franklin Templeton Chief Executive Officer Jenny Johnson says retirement accounts are the “best place” for private credit and equity, given the illiquidity of such investments. “You can't get your money for 10 years, so you really need to be able to withstand the illiquidity,” Johnson says on Bloomberg Television. “On the other hand, a 1% additional return can mean 20% more just over a 20-year period in your retirement.” (Source: Bloomberg)