Private Credit And Direct Lending: Elevated Risk, Limited Spillover

TL;DR

Private Credit Eyes EasyJet Takeover Private credit in general and direct lending in particular have moved to the center of market attentionâboth in headlines and in portfolios. - Key pressure points for direct lendingâleveraged buyout (LBO) exposure, software valuations, and refinancing riskâare building as the cycle matures. - Spillover to banks and insurers appears limited, with the primary impact concentrated on private credit investors and managers.