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.

1. Private Credit will continue to grow
   There are many factors that are contributing to the growth of Private Credit as an asset class:

1. 1. 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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