We must be mindful of the risks of private credit
The sector remains untested in a severe or prolonged economic downturn
The sector remains untested in a severe or prolonged economic downturn

What matters most is how capital was deployed and underwritten

Recent ructions highlight the case for better scrutiny of the asset class

Growth raises concerns about underwriting and risk management at fast-expanding groups

More frequent asset valuations can boost market resilience and investor confidence

Political pressure in response to public anxiety will demand policy responses

Research shows they don’t just retreat in a crisis — they run for the exit