This podcast episode delves into the world of private credit, shedding light on its definition, key characteristics, and market size. It explores the rapid growth of private credit, highlighting estimates of a 2.7 trillion-dollar market by 2027. The episode also delves into the default rates in private credit compared to public credit, emphasizing the limited available data but noting that private credit defaults have remained in line with public credit defaults. It concludes by discussing the factors contributing to private credit's low default rates and its impact on the leverage finance landscape.
