Private Credit Markets: Our key takeaways from 2023 and issues for 2024

2023 was the year in which private credit markets very much moved centre stage. Industry conferences seemed to attract record attendees, most major advisors now field specialist private credit teams, industry bodies are focusing more on the issues relevant to private credit and alternative lenders and, of course, regulators have started to pay increased attention to the potential risk arising from non-bank financial institutions (NBFIs).

Deal volumes in private credit markets and the role of alternative lenders have steadily grown over the last decade and, despite broader macro-challenges (or perhaps, because of?) the indication is that 2023 did not see a slow-down.

It is striking how diverse and complex the private credit market is. This is reflected in our own deal experience: we have worked with specialist and household-name lenders, debt funds, institutional investors, and high net-worth individuals across different asset classes.

Find out our key takeaways from 2023 and issues for 2024 in our latest paper on alternative lenders.