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Private Credit: The Alternative to Bank Loans and Public Bonds

Alternative Investments • Beginner Investing • 7 min

Private credit — also called direct lending — is a genuinely large and fast-growing corner of finance that most people have never heard of, despite its real scale: non-bank lenders, organized as private credit funds, providing loans directly to companies, typically outside the traditional bank-loan or public-bond markets entirely. Its growth has a real, specific, well-documented origin story: post-2008 banking…

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