Private Credit

Roman Hederer explains how the UK insurer is adapting its annuity strategy through private markets, productive finance and new sourcing partnerships.

Institutional investors remain committed to private credit despite mounting scrutiny of the asset class, but are becoming more selective around underwriting standards and manager quality.

Private credit continues to offer attractive risk-adjusted returns, but manager selection and underwriting discipline will become increasingly important.

The Q2 2026 issue of Private Markets Profile is now live.

AI is accelerating change across private equity and credit, forcing investors to reassess risk, resilience and operational alpha

The asset class has regularly been in the headlines and the concerns are legitimate – but these issues can also be interpreted as signs that the sector is maturing.

Leading institutional investors say capital inflows and spread compression are reshaping private credit – but disciplined underwriting and structural complexity still offer opportunity as the cycle matures.

As direct lending matures and other private credit areas expand, active investors can apply relative value strategies across sectors – and even entire markets – to pursue enhanced outcomes. By PIMCO’s Jason Steiner, Jason Mandinach and Russell Gannaway.

Investors are exploring where private markets can add value in the retirement phase of defined contribution pension schemes – and where the industry risks applying accumulation-stage thinking to a fundamentally different problem.

The Q1 2026 issue of Private Markets Profile is now live.

Joanne Butler, DunPort Capital Management, sets out how UK SME lending and place-based impact investing sits at the heart of resilient portfolios.

Institutional investors and investment experts discuss where capital can be deployed to both deliver returns and support domestic growth