Despite industry talk of a “golden moment” for private credit, getting a new launch off the ground has proven very difficult in recent years. Reflecting the increasing concentration of the direct lending market, our 10 "managers to watch" this year are heavily biased towards opportunistic credit and asset-based finance, which are fast emerging as new battlegrounds within private credit. Through conversations with LPs, GPs and industry experts, our private credit emerging managers to watch in 2025 report has identified the most exciting GPs in the sector getting their first funds off the ground. The report is out now, read the full list and analysis here: https://lnkd.in/g-UNyRPp #PrivateCredit #EmergingManagers
