I will avoid taking sides here in the long-running debate over the merits of private equity (PE). My goal instead is to present an alternative with a tremendous record of success for companies in need of growth capital – and about which little is yet widely understood, despite its rapidly expanding profile: private credit.
Private credit is a relatively young investment segment that has grown rapidly, with assets tripling since 2015 to $1.7 trillion today. With that growth has come calls for government action to rein in private credit from many of the same parties who tend to push for scrutiny of capital markets generally – including some members of Congress with responsibility for banking.
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