‘The opaque juggernaut’: Private credit’s data deficiencies become clear

Need to knowSeeking exposure to asset classes offering higher returns, investors are looking for ways to access private credit markets.These loans made to privately held businesses are made on a custom basis—i.e., not standardized—and are not publicly reported, so the market is opaque and data is scarce.There is no open and transparent secondary market for private credit, though bundles of loans could appear as ETFs or BDCs, which trade on exchange and are more liquid.Investors and data