HSBC: Private Credit Has 'Fundamentally Changed' Credit Markets

Core Insights - The private credit market has experienced significant growth, quadrupling in size over the last decade [1] - Despite recent high-profile credit defaults, the perception that private credit is inherently risky is challenged by industry experts [1] Market Growth - The private credit market has increased fourfold in the past ten years, indicating a robust expansion in this sector [1] Risk Perception - High-profile defaults, such as those from Tricolor and First Brands, have raised concerns, but industry leaders argue that private credit does not equate to high risk [1]