As the private credit market rapidly evolves, we believe investors should consider a more flexible and specialized allocation approach.

Private credit has been one of the most dynamic and fastest-growing asset classes over the last 15 years. While we expect growth will continue in the core direct-lending sector, we also anticipate that private credit will broaden to other non-corporate lending arenas, including asset-based lending and a variety of specialized sectors.

In our new paper, we explore key structural trends supporting private credit, the expanding array of opportunities within this asset class, and its deepening role within the broader financial system.