Topic

Private Credit Research

Within the private credit landscape, researchers emphasize the continued importance of private markets and direct lending as essential tools for diversifying portfolios amidst heightened geopolitical uncertainty and credit stress. While direct lending remains supported, analysts advocate for strict selectivity with a bias toward non-cyclical sectors and infrastructure for inflation-linked income. Credit strategies demonstrated resilience with positive returns in early 2026, though a more defensive posture is emerging through the prioritization of Relative Value and Fixed Income Relative Value sub-strategies. Solid corporate fundamentals and projected S&P 500 EPS growth of 20% support the credit outlook, even as high government deficits pose long-term risks to yields and necessitate a focus on shorter-duration fixed income. Additionally, the massive expansion in AI-related demand, with a projected $1.7 trillion TAM by 2030, and the evolution of biotech into a compounding asset class are creating new long-term investment opportunities for credit providers. Collectively, these insights suggest a research direction focused on resilient, innovation-driven sectors to navigate a goldilocks environment disrupted by macro volatility.

4511 reports available

European Private Credit: Still an All-Weather Asset Class

Morgan Stanley Investment Management·Jun 8, 2026

This report reaffirms the long-term viability of the European private credit asset class, arguing that market concerns regarding AI, defaults, and systemic risks like the GFC are largely overstated or misapplied to the sector's specific fundamentals.

Bdc Weekly Insight

Raymond James·Jun 6, 2026

This weekly report provides comprehensive performance and valuation metrics for the Business Development Company (BDC) sector. It covers total returns, market capitalization, dividend yields, debt/equity ratios, and issuance activity for public and private BDCs.

BDC Weekly Insight

Raymond James·May 25, 2026

A comprehensive weekly update on the Business Development Company (BDC) sector, detailing stock performance, valuation metrics, and recent capital markets activity as of May 14, 2026.

Private Credit: Spreading Fact From Fiction

Invesco·May 13, 2026

This report examines the growth and health of the private credit market, arguing that systemic risks are low despite recent headline-grabbing defaults. It emphasizes that 86% of the market remains in traditional drawdown funds, and performance is driven largely by manager selection.

Direct Lending Digest: Normalization in Credit Trends

Goldman Sachs·May 22, 2026

The direct lending industry is seeing a normalization of credit trends, with non-accruals approaching historical levels (1.87%) and significant retail redemption pressure in evergreen BDC funds.

Private Debt CIO View

UBS·May 25, 2026

The private debt market is transitioning to a lower-return environment characterized by tighter spreads and rising defaults in certain vintages. UBS anticipates a more balanced outlook where manager selectivity and sector focus (away from AI-disrupted tech) are paramount.

Private Markets Extended Q2 2026

UBS·Jun 1, 2026

Emerging Frontiers Resilience of Insurance and Private Fixed Income Portfolios

Morgan Stanley Investment Management·May 25, 2026

Global Private Markets Quarterly

Carlyle AlpInvest·May 19, 2026

All reports

Page 1 of 188

Equities Rates Govt Bonds Commodities Information Technology Energy Goldman Sachs

Get full access

14-day trial · card required