The global private credit market, now exceeding $2trn, remains a magnet for institutional investors - including Dutch pension funds - amid sustained demand for yield. But the landscape is evolving: increased competition, borrower leverage, and a lack of regulatory oversight are raising concerns about underwriting standards and systemic risk.
Meanwhile, traditional banks are re-evaluating their roles, often partnering with private credit managers to stay in the game. As scrutiny grows and regulation looms, where are the opportunities - and pitfalls - for investors? And how do these dynamics shape the role of private credit in the new Dutch pension framework?
Leading GPs weigh in on portfolio risks, fundraising pressures, and whether the lower mid-market still offers the elusive illiquidity premium.
