Private Credit's Other Lanes Still Offer Value

Concerns about private credit have intensified in recent months. Investors are grappling with questions about weakening credit quality, stale valuations, looser underwriting, redemption risk in certain types of funds, and the impact of AI‑driven disruption. Much of the anxiety has centered Private Credit's Other Lanes Still Offer Value Summary - ABF and high-quality consumer and mortgage credit have continued to offer meaningful diversification and more attractive value than direct lending. - Heavy exposure to the software industry in direct lending portfolios is likely to constrain relative p

Concerns about private credit have intensified in recent months. Investors are grappling with questions about weakening credit quality, stale valuations, looser underwriting, redemption risk in certain types of funds, and the impact of AI‑driven disruption. Much of the anxiety has centered Private Credit's Other Lanes Still Offer Value Summary - ABF and high-quality consumer and mortgage credit have continued to offer meaningful diversification and more attractive value than direct lending. - Heavy exposure to the software industry in direct lending portfolios is likely to constrain relative p