In this episode of RPM, Christian Frei, StepStone head of risk joins Michael Venne to discuss some of the main insights from StepStone's recent collaboration with GIC: a whitepaper that provides an overview of private debt investment opportunities and a framework for building an optimal private debt portfolio. They cover a range of topics including: 

• The genesis of the project (1:53);
• How investors regard private debt (5:29); 
• Optimizing for risk and return (7:15); 
• Stress loss as a risk measure (10:06);
• Tactical versus strategic considerations (14:11).