Non-bank lending, or “private credit,” has been thriving since the financial crisis of 2008. By the beginning of 2024, the amount invested in private credit has expanded to $1.4 trillion, about half the amount of commercial and industrial bank lending. As the private credit market has swelled, the environment continues to change with it.
What has happened so far in 2024 that has significance for the private credit markets and the funds that develop and invest in private lending?
In the following article for Bloomberg Law, Ronald Feiman notes developments in five areas.