Has Private Credit Been Tested?

Oct 30, 2025

Part of the 'Demystifying Private Credit' series, this piece argues that across the Global Financial Crisis and the COVID pandemic, direct lending was less volatile than equities and other debt sectors and outperformed on a risk-return basis. It frames private credit's counter-cyclical lending as a component of economic resilience.

Debt & Financing Alternatives U.S. National

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