Navigating the Private Credit Landscape

This chapter explores the intricacies of private credit, contrasting it with public credit and the evolving roles of asset managers in direct lending. It discusses the shift towards greater liquidity in private credit markets and the emerging marketplace for trading these assets, particularly linked to ETF initiatives. The chapter also examines the competitive dynamics between traditional investment banks and alternative asset managers, highlighting the impact of technological advancements and regulatory changes on the future of lending practices.