Goldman Sachs said roughly 80% of the direct lending market is held in vehicles that typically don't allow investors to redeem capital on demand.
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Recent pain points are significant but belie key differences between now and the great financial crisis.
A "robust and growing" private credit secondaries market could serve as a pressure valve for the industry's current liquidity…
As always, I want to avoid a sweeping declarations.
Private credit is starting to resemble the public debt market, as its expansion blurs lines that once separated private and…
Default rates are elevated and credit managers are getting creative.
Morgan Stanley expects direct lending default rates to reach as high as 8%.
