Deploy Or Delay: New Loans, Distressed Opportunities, And Emerging Credit Dislocations

Macro headlines may have shifted attention away from Private Markets, but the underlying risks remain. We revisit the Private Credit-Software cracks we flagged early and explain why, despite the noise, the structural story is just getting started.

• How did we get here?
• Is Software making or breaking Private Credit's diversification case?
• Systemic risk or a normal credit cycle?
• How are our 2024 calls on Distressed versus Buyouts playing out?
• Where are the most overlooked opportunities across Private (and Public) Markets right now?