Answers · Glossary · live dataset

What is private credit?

Private credit is lending by non-bank institutions — funds, BDCs, insurers, family offices — directly to companies and projects, outside the public bond and syndicated-loan markets. It spans senior secured, unitranche, mezzanine, asset-based, equipment, real estate, project and venture debt. The public Agentas book tracks 900 active private-credit funds, 478 of them direct lenders.

Figures from the researched book · updated Oct 12, 2026

Full guide: Private credit vs banks →