Topic

Private Credit Research

Finvaulta tracks 52 research reports on Private Credit, updated through August 10, 2026. Latest: “Should Investors Worry About Private Credit”.

Within the private credit landscape, researchers emphasize the continued importance of private markets and direct lending as essential tools for diversifying portfolios amidst heightened geopolitical uncertainty and credit stress. While direct lending remains supported, analysts advocate for strict selectivity with a bias toward non-cyclical sectors and infrastructure for inflation-linked income. Credit strategies demonstrated resilience with positive returns in early 2026, though a more defensive posture is emerging through the prioritization of Relative Value and Fixed Income Relative Value sub-strategies. Solid corporate fundamentals and projected S&P 500 EPS growth of 20% support the credit outlook, even as high government deficits pose long-term risks to yields and necessitate a focus on shorter-duration fixed income. Additionally, the massive expansion in AI-related demand, with a projected $1.7 trillion TAM by 2030, and the evolution of biotech into a compounding asset class are creating new long-term investment opportunities for credit providers. Collectively, these insights suggest a research direction focused on resilient, innovation-driven sectors to navigate a goldilocks environment disrupted by macro volatility.

Featured reports

Should Investors Worry About Private Credit

UBS·Aug 10, 2026

UBS maintains a neutral view on private credit, noting that while systemic risk is limited, investors should prioritize quality and liquidity in an increasingly split, late-cycle market. Lending activity has moderated significantly due to geopolitical headwinds and AI-related sector disruptions.

US Private Credit Seven Questions For The Second Half

UBS·Jul 9, 2026

This report examines key themes in US private credit for the second half of 2026, including rising default expectations, valuation dispersion, and maturity wall challenges. It suggests increasing investor selectivity as performance discrepancies emerge across managers.

Private Markets Five Key Debates

UBS·Jul 1, 2026

This report reviews the performance and risks of private market strategies in 1H26, focusing on evergreen structures, AI-related investment opportunities, and the health of the direct lending market.

Software Exposure in Leveraged Credit

Goldman Sachs·Jun 25, 2026

The report examines the exposure of leveraged credit markets to the Software sector in the context of potential AI-driven business model disruption. It emphasizes that while refinancing risks are elevated due to 2028 maturity walls, credit performance will likely diverge based on business model resilience.

Cutting Through The Noise

BlackRock·Jun 3, 2026

Private markets are navigating a more selective environment where macro uncertainty and higher interest rates are driving increased asset-level dispersion. Success now requires disciplined underwriting and a sophisticated approach to portfolio construction.

US Monthly Outlook Private Credit Public Risks

MUFG·Jun 1, 2026

MUFG's June 2026 outlook highlights a fragile US economy sustained by AI optimism and high-earner wealth effects, while projecting two Fed rate cuts contingent on the reopening of the Strait of Hormuz.

Direct Lending Digest: Normalization in Credit Trends

Goldman Sachs·May 22, 2026

The direct lending industry is seeing a normalization of credit trends, with non-accruals approaching historical levels (1.87%) and significant retail redemption pressure in evergreen BDC funds.

Growth and Venture Debt

BlackRock·Feb 1, 2026

This report examines the expanding opportunities in growth and venture debt as private credit alternatives to equity financing. It highlights the asset class's structural protections and the shift in market dynamics following the 2023 regional banking disruption.

Defaults: Tracking the Persistent Left Tail

Goldman Sachs·Jul 23, 2026

Defaults Tracking the Persistent Left Tail

Goldman Sachs·Jul 23, 2026

IG Credit: Too Much, Too Fast

Goldman Sachs·Jul 11, 2026

All reports

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