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The Private Credit Mosaic
A Visual Guide to Private Credit
Get to know the fundamentals of direct lending and private credit by exploring these quick-read series. Click on any tile to begin.
Defining Private Credit
Private credit can take many distinct forms, with direct lending representing the largest, and it has grown in parallel with private equity.
Distinguishing Middle Market Direct Lending
Direct Lending Investment Characteristics
Direct lending tends to have many appealing risk and return characteristics, and can provide investors with consistent quarterly income.
Why the Manager Matters
Manager dispersion is far greater in private credit managers than among public credit funds, and private credit manager performance tends to persist. The manager matters, so choose carefully.
What to Look for in a Manager
Not all managers are created equal. We believe there are characteristics, such as experience, that you should look for to ensure that there’s an alignment of interests and that the manager will deliver.