No sign of panic from institutions

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The likes of pensions and insurers are, if anything, accelerating their commitments to private credit – despite the retail redemption saga.

The first quarter of 2026 was the most prolific Q1 for global private credit fundraising in the last five years according to our data, setting the stage for an active year for private credit. Institutional investors’ feelings about the asset class have largely diverged from those of retail investors, which have raced for the exit from semi-liquid vehicles.