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Private Credit: anatomy of a $1.7T market
Direct lending, mezzanine, unitranche — why private debt has become the unavoidable alternative to bank financing.
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Latest Launches
StepStone Private Equity Strategies
StepStone Group
LAUNCH
Sep 2025
Blue Owl Alternative Credit
Blue Owl Capital
LAUNCH
Aug 2025
HarbourVest Private Investments
HarbourVest Partners
LAUNCH
Apr 2025
Private Asset Income
TCW
LAUNCH
Apr 2025
Beacon Pointe Multi-Alternative
Beacon Pointe Advisors
LAUNCH
Jul 2024
StepStone Private Credit Income
StepStone Group
LAUNCH
May 2024
AMG Pantheon Credit Solutions
Pantheon
LAUNCH
Apr 2024
AB CarVal Credit Opportunities
CarVal Investors
LAUNCH
Feb 2024
Bain Capital Private Credit
Bain Capital Credit
LAUNCH
Nov 2023
JPMorgan Private Markets
J.P. Morgan Asset Management
LAUNCH
Jul 2023
StepStone Private Equity Strategies
StepStone Group
LAUNCH
Sep 2025
Blue Owl Alternative Credit
Blue Owl Capital
LAUNCH
Aug 2025
HarbourVest Private Investments
HarbourVest Partners
LAUNCH
Apr 2025
Private Asset Income
TCW
LAUNCH
Apr 2025
Beacon Pointe Multi-Alternative
Beacon Pointe Advisors
LAUNCH
Jul 2024
StepStone Private Credit Income
StepStone Group
LAUNCH
May 2024
AMG Pantheon Credit Solutions
Pantheon
LAUNCH
Apr 2024
AB CarVal Credit Opportunities
CarVal Investors
LAUNCH
Feb 2024
Bain Capital Private Credit
Bain Capital Credit
LAUNCH
Nov 2023
JPMorgan Private Markets
J.P. Morgan Asset Management
LAUNCH
Jul 2023
Best-in-class

Top performers

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Private Equity
Top 5-year TWR
Bow River Capital Evergreen FundPrivate Equity
+13.5%
AMG Pantheon FundPrivate Equity
+12.7%
Pomona Investment FundPrivate Equity
+12.5%
Private Credit
Top 5-year TWR
Cliffwater Corporate Lending FundPrivate Credit
+9.9%
Not to miss

Sponsored funds

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SponsoredPrivate Credit
1WS Credit Income Fund
One William Street Capital Management
Min.
1M €
Ongoing fees
2.60%
SponsoredPrivate Credit
AB CarVal Credit Opportunities Fund
CarVal Investors
Min.
0 €
Ongoing fees
2.40%
SponsoredPrivate Credit
AMG Pantheon Credit Solutions Fund
Pantheon
Min.
10M €
Ongoing fees
2.25%
Asset classes

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Private Equity
LBO, Growth, Secondary, Co-invest, Multi-strategy. The flagship private markets asset class.
12 funds available
Private Credit
Direct Lending, Opportunistic, Distressed, Mezzanine, Asset-Based Finance, CLO Equity, Venture Debt, Infrastructure Debt, Real Estate Debt
35 funds
Infrastructure
Core, Core+, Value-Add, Greenfield
2 funds
Real Estate
Core, Value-Add, Opportunistic
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Understanding private markets

Evergreen decoded

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Market Trends
Market Trends
The $350bn Reallocation: Why Institutional Capital Is Moving to Evergreen Structures
A deliberate, structural reallocation from pensions, endowments and insurers to semi-liquid structures over the past 36 months.
7 min read·17 Apr 2026
Transparency
Transparency
When 'Quarterly Liquidity' Means You Can't Get Your Money Out
6 min read·17 Apr 2026
Private Credit
Private Credit
Asset-Based Finance: The $5T Private Credit Frontier Hiding in Plain Sight
8 min read·17 Apr 2026
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Blackstone Private Credit Fund
Private Credit
+9.3%
Variant Alternative Income FundPrivate Credit
+8.1%
Infrastructure
Top 5-year TWR
Harrison Street Real Assets FundInfrastructure
+6.2%
Harrison Street Infrastructure Income FundInfrastructure
--
Multi-strategy
Diversification across multiple asset classes
2 funds
Private Equity
Private Equity
60% of PE Deals Struck in 2021 Still Haven't Exited. What That Means for Secondaries.
7 min read·17 Apr 2026
Secondaries
Secondaries
Secondaries: Alignment Solution or Liquidity Illusion?
7 min read·17 Apr 2026