Direct Lending: A Durable Opportunity
In the evolving landscape of private markets, direct lending has emerged as a resilient and attractive strategy for investors seeking yield and diversification. Even as asset yields have moderated from their recent highs, the asset class continues to offer compelling return potential, robust credit quality and a favorable supply-demand dynamic—especially in today’s “higher-for-longer” interest rate environment.
A Structural Shift in Private Credit
Over the past 15 years, private credit has transformed from a niche alternative to a cornerstone of institutional and individual portfolios. Global private credit assets have surged from $2 trillion in 2020 to approximately $3 trillion in early 2025, with projections to surpass $5…
