Private credit is now widely recognized as an alternative asset class that can deliver stable, uncorrelated returns for institutional investors.
With banks rarely participating in the direct lending business since the global financial crisis, private credit plays a vital role in facilitating economic activity and growth by providing capital to companies unable to access public markets.
In this piece, we highlight how private credit markets have developed. We discuss why size, scale and expertise will be increasingly important for successful investors – key factors for Nuveen’s expansion of its private credit capabilities. We also explain why current conditions could offer the best vintage yet.
