Private credit
Private credit: what lenders earn, where it can go wrong, and what investors get back
This hub covers private credit and private debt as an investment: how direct lending and related strategies work, why published default figures disagree, and what investors actually receive when loans struggle. It also tests how liquidity promises hold up in practice.
What readers ask
- Is private credit still in trouble?
- Is there a risk of a private credit crash in 2026?
- What is private credit and why is it bad?
- What are the downsides of private credit?
- What is the minimum investment for private credit?
- What is the difference between private equity and private credit?
In preparation
- Private credit or private equity: lender or owner, and what each gets back when a company struggles
Data and tools in preparation
- DataThe private credit default reconciliation
- DataThe liquidity tracker