Developments In Private Credit: Key Takeaways From Recent Conferences

Global private credit markets are experiencing growth as lenders respond to volatility in debt markets. Recently, Torys' Private Credit team attended the Markets Group Private Credit Canada Conference and the Loan Syndication and Trading Association and Deal Catalyst U.S. Private Credit Industry Conference, which both sought to offer insight into emerging trends. In this article, we highlight some of our key takeaways from conference panels, including increased cooperation between market participants and a growing range of private credit deals.

Growing size and scope of private credit

Traditionally, when people think of private credit they think of senior-secured, middle-market loans to fund private equity leveraged buy-outs (often referred to as direct loans). However, as the number of private credit lenders—and the size of the assets they have under management—has grown, so has the range of deals completed under the umbrella of private credit.