27/02/2026
Private Credit Goes Mainstream — And Faces Its First Real Stress Tests
Private credit is bigger, more accessible, and increasingly “core” in many portfolios, which also means the first real stress tests matter. This piece lays out an institutional-grade diligence framework: how to evaluate liquidity terms, valuation mechanics, leverage, concentration risk, documentation, and the operational plumbing that often gets overlooked. If you allocate (or are considering it), this is the checklist that helps separate product design from true risk management.
👉 Read the full article for the institutional diligence framework: https://www.thealfa-group.com/news-insights/private-credit-goes-mainstream-and-meets-its-first-stress-tests
Executive summary Private credit has moved from a specialist institutional allocation into a mainstream component of corporate financing, with global assets commonly estimated around the USD 2 trillion mark by 2023—large enough to matter for macroeconomic outcomes, not just portfolio construction.