Direct Lending: Selective Exposure

13 AUGUST 2026

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Private credit has entered a new phase. Stronger underwriting, wider spreads and greater manager differentiation are reshaping the direct lending market, creating new opportunities for institutional investors focused on income and portfolio resilience. As investment-grade strategies and large-cap lending continue to evolve, many allocators are reevaluating direct lending's role within broader fixed-income portfolios. At the same time, market dispersion is making manager selection more important than ever.

North America Private Credit

Integrated private credit platform across Direct Lending and Opportunistic Credit strategies. Our experienced team provides flexible, patient, long-term capital to leading owner-operated and private equity-backed businesses.

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