Private Credit 2024: A Growing Force in Finance Unveiled Through BDC Insight
Private Credit 2024: A Growing Force in Finance Unveiled Through BDC Insight
By: Sourav Srimal, SVP, Solutions, SOLVE The 1.5 trillion-dollar private credit asset class has evolved beyond its niche status, becoming a prominent financing choice and is increasingly taking deals away from banks, junk bonds, and leverage loan markets. Business Development Corporations (BDCs) serve as a valuable proxy, offering transparency through their filings, revealing trends in this evolving market. This article outlines key 2024 themes in this dynamic BDC landscape. Private Credit will continue to grow There are many factors that are contributing to the growth of Private Credit as an asset class: Private Equity Firms reliance on Private Credit Private equity firms increasingly favor private credit to avoid the risks associated with credit rating changes, ensuring a reliable source of funding independent of public markets. This shift allows them the freedom to conduct autonomous credit analysis and make judgments, reducing the…
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About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
