Private Credit in the Institutional Portfolio 

Private credit, now a central engine of institutional finance, extends beyond direct lending into a broader set of capital solutions as banks pull back and demand for flexible financing grows. Middle-market lending remains a key proving ground, where refinancing activity, competitive pressure, and wider performance dispersion are testing underwriting standards, structures, and lender discipline. Panelists will examine how covenants, documentation, and workout capabilities are evolving; where risk may be building beneath headline growth; and how leading platforms are differentiating through sourcing, selectivity, and credit discipline in a more crowded cycle.