Private credit becoming a mainstream asset class

Private credit has gained significant attention and popularity over the past two years, transitioning from a niche asset class to a more mainstream investment option. It has become a favored alternative to traditional bank financing, especially as banks have pulled back due to higher interest rates and consumers have reduced their spending. With a substantial amount of capital in the form of dry powder that needs to be deployed, private credit has filled the lending gap, offering certainty of execution and attractive returns.