As higher interest rates and the threat of increased capital reserve requirements add to the cost of lending for traditional banks, private debt has filled the gap, growing almost 250 percent in the last five years. For every leveraged buyout financed by broadly syndicated bank loans, there are four financed by private credit. While the cost of capital remains high for both borrowers and lenders, and young investment teams acclimate to unfamiliar territory, creative deal structures have reemerged to bolster access to capital. While refinancing debt, direct lenders and private equity sponsors have increased equity capital injections, and as dry powder to support existing portfolio companies has disappeared, deal teams have increasingly used payment-in-kind financing structures. The opportunity set is widening for investors and lenders. So, where do our seasoned panelists see the market headed? How can retail investors gain access to the exciting world of private credit? Importantly, what can we do to keep capital accessible and ensure continued growth?
Read More
Read More
Read More
This website is intended for INSTITUTIONAL INVESTORS located in Korea. Please set your preferences.
*Required Fields
Sorry based on your current selections, you cannot continue. Please update your selections or visit pgim.com/multi-asset-solutions for more information.
By continuing on to PGIM.com you are agreeing to the following:
For Institutional Investors only. All investments involve risk, including the possible loss of capital.
This website is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence.
PGIM is the principal asset management business of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its global subsidiaries. PGIM, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training.
In South Korea, information is issued by PGIM, Inc., which is licensed to provide discretionary investment management services directly to South Korean qualified institutional investors on a cross-border basis.
Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. PGIM, the PGIM logo and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide.
The information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary.
© 2025 Prudential Financial, Inc. and its related entities.