Private credit is booming, with global assets topping two trillion dollars. One hotspot is the U.S. middle market, nearly half of America’s economy, where the lower tiers offer higher yields, stronger protections, and less competition.

Why is this segment drawing so much attention, and what’s behind the growing interest from Asian investors?

On Wealth Tracker, Hongbin Jeong speaks to Thomas Cheong, President of Principal Asia and Executive Vice President of Principal Financial Group, to find out more.