(HedgeCo.Net) Private credit is starting 2026 with a paradox: assets keep climbing, but the business is beginning to look more like the public markets it once disrupted. After years of “speed, certainty, and structure” as the private-lending edge, spreads are tightening, banks are re-entering competitive lanes, and managers are being forced to differentiate in more sophisticated ways—sector expertise, sourcing moats, collateral engineering, and distribution into evergreen vehicles. Reuters+1...
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