Core Viewpoint - The private credit industry, particularly Business Development Companies (BDCs) that provide corporate loans, has faced significant challenges in 2025, despite efforts to broaden access to their financial products [1] Group 1 - BDCs have encountered a difficult year in 2025, indicating potential instability within the private credit sector [1] - The industry aims to "democratize" its offerings, suggesting a push towards making corporate loans more accessible to a wider range of investors [1]