Separating fact from fiction in US private credit

The US has been the driving force behind the growth of the private credit market globally, with assets tripling over the past five years. But while this growth has been accompanied by strong returns and low defaults, this year, warnings about the asset class have come from Wall Street CEOs and the IMF. Are the warnings a storm in a teacup or are vulnerabilities building beneath the surface? Muzinich & Co. looks to provide some answers in its latest article.