← Asset class coverage / Private Credit
Private Credit
Private credit has grown to over $1.7 trillion globally as institutional investors seek yield outside traditional fixed income. Strategies include direct lending, mezzanine, distressed, and specialty finance.
Strategies, focus areas, funds and trends across our private credit coverage.
44
Firms
$2.27T
Allocated AUM
25
Funds
33
Strategies
Peak fundraising year
2026 — 8 funds closed
Most concentrated region
Europe — 73% of firms
Top sector
Corporate — 9 of 44 firms
Strategy mix
Strategies & sub-strategies
Direct Lending86% of firms38Opportunistic Credit36% of firms16Structured Credit34% of firms15Senior Secured34% of firms15Mezzanine27% of firms12Asset-Based Lending25% of firms11
Insight
Direct Lending leads — 86% of firms run it — nearly 38× NAV Lending, the smallest strategy.
Fund vintage trend
New funds launched per vintage year, based on tracked closings
Industry focus
Bubble size = number of firms active in sector
By region
Firm count by geography