Turns out, the marks agree more often than not. Source: KBRA

Transparency and track records matter most to private credit investors. Source: Coalition Greenwich, Private Credit Market Structure Survey

Private credit’s growth story, over a decade old, is still evolving.  Source: Preqin.

When public credit markets close, private credit absorbs the shock. Source: FT, Hinze, Rintamaki, Mondini, Steffen.

Despite the headlines, direct lending makes up a much smaller share of household and business debt than mortgages did at the height of the GFC. Source: Apollo

Software became less of a sector and more of a defining strategy — particularly among larger funds. Source: BDC collateral

Despite the noise, ~89% of the KBRA universe is currently marked above 95 — a sign of valuation and credit stability. Source: KBRA DLD Default Research, as of Apr. 28, 2026.

Default metrics aren’t created equal. How a default is defined and measured can tell very different stories — so knowing what’s behind the number matters as much as the number itself. Source: BofA Global Research.

Investor education is becoming critical as quarterly redemption limits are being tested. Source: Data is derived from publicly available information, including U.S. Securities and Exchange Commission filings.

Unlike the US, private credit began as one entity and morphed into many states. Source: Apollo Outlook For Public and Private Markets (April 2026)