Weakening underwriting standards, rising losses, and gates at retail-facing BDCs are creating dislocations in the private credit market – and with it, opportunities for institutional investors who can distinguish between asymmetric, diversified private credit and the private equity mentality misapplied to the space. This session examines where the real opportunity sits in middle-market corporate lending, whether the retail exposures to private credit poses systemic risks to institutional investors, and how to navigate a market where the difference between managers can be extreme.
