
Private Capital Call · 2026-05-11 · 32 min
This week, we're joined by David Robinson , the James and Gail Vander Weide Professor at Duke University's Fuqua School of Business and Research Director of Duke Innovation and Entrepreneurship Initiative. An internationally recognized expert in private equity, venture capital, and entrepreneurial finance, his research has been featured in The New York Times , The Wall Street Journal , the Financial Times , and The Economist . He also advises the Swedish House of Finance, the Private Equity Research Council, and a range of private equityfirms and technology startups. In this episode, David shares key takeaways from his widely read paper " Why is Private Lending So Popular " ( co-author with Melanie Wallskog) and challenges some of the most common misconceptions about how private credit really works. He breaks down how business development companies (BDCs) work, the regulatory constraints that shape their risk and return profile, and why retail investors are increasingly bumping up against liquidity limits in non-traded vehicles.