Private Equity Myths vs Reality: Jobs, Housing and 401(k)s | Will Dunham American Investment Council

Episode notes

Will Dunham, President and CEO of the American Investment Council, joins Fund Shack to unpack one of the most misunderstood debates in modern finance: the real economic impact of private equity and private credit in the United States. We explore how private capital supports 13 million American jobs, why online narratives around housing and healthcare often diverge from the data, and how private equity is funding manufacturing reshoring, AI infrastructure and national security. We also examine the policy shift opening 401(k) retirement plans to alternative investments, the controversy around private credit and systemic risk, and the broader question of whether private capital remains aligned with everyday Americans. Topics include: private equity in US housing build-to-rent supply rent-to-own models healthcare access and innovation the growth of private credit Federal Reserve research on systemic risk the shrinking US public markets pension fund returns the diversification challenge for retirement savers the SEC private fund adviser rule the political dynamics shaping private capital's licence to operate.

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