Private credit is starting to resemble the public debt market, as its expansion blurs lines that once separated private and public debt financing channels.
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Private credit's rapid rise was key to global dealmaking over the past decade. Now, signs of strain in the $3 trillion market are…
A "robust and growing" private credit secondaries market could serve as a pressure valve for the industry's current liquidity…
Leverage levels in private credit are a point of focus
Goldman Sachs said roughly 80% of the direct lending market is held in vehicles that typically don't allow investors to redeem…
Default rates are elevated and credit managers are getting creative.
Recent pain points are significant but belie key differences between now and the great financial crisis.
