Upcoming IssueA new quarterly publication for credit investors, allocators, and the practitioners shaping private credit.
Be the first to read our Spring issue
The Private Credit Journal is a new publication for credit investors, allocators, and the practitioners structuring private debt deals.
We focus on in-depth interviews with the people shaping private credit, private debt, direct lending, and leveraged finance — and on the conversations the trade press doesn't capture.
If you'd like to be notified when our first issue is released and receive early access for founding subscribers, you can sign up below for free.
Be the first to read our Spring issue when it launches
While we put the finishing touches on our Spring issue, here are some readings our editorial team has been passing around.
A thorough walk through how private credit grew from a niche corner of distressed and mezzanine investing into the multi-trillion-dollar asset class it is today. The best single explainer of how we got here and why the market looks the way it does.
Sixth Street's CEO walks Patrick O'Shaughnessy through how private credit fits into the broader financial system, where the real risk sits, and how a top-tier credit shop actually thinks about underwriting and downside in a higher-rate world.
Howard Marks' 2022 memo arguing that the era of ultra-low rates is over and that credit investors face a regime change as consequential as the one that ended in 1980. The single most-cited piece of writing in private credit conversations.
Marc Rowan in conversation with David Rubenstein on why the $40 trillion fixed income market is being progressively privatized, and why private investment-grade credit — not just direct lending — is the real story. The clearest articulation of Apollo's thesis from the source.
A scout report on the next generation of private credit managers — the funds that aren't yet household names but are putting up the kind of returns and deal flow that suggest they will be. Useful read for anyone mapping where the asset class is heading.
The Private Credit Journal is the premier publication for credit investors, allocators, and practitioners shaping private credit, direct lending, leveraged finance, and the structural shifts reshaping how the modern economy is financed.
Subscription includes immediate access to our digital archive and the print edition delivered to your door at the end of each quarter. Subscribe before the end of the current quarter to receive the latest edition.