Rudy Sahay

Private Credit: Innovation, Strategy, and Distressed Debt in a Maturing Market | Global Conference

John L. Bowman, Michela Bariletti, Paul Horvath, Joe McCurdy, Rudy Sahay

Private credit in the U.S. has matured into a $3 trillion primary capital source, driven by regulatory shifts post-GFC and a strategic pivot toward re-integration with banks rather than disintermediation. While the U.S. market faces competition from large BDC ecosystems, European opportunities are emerging through Solvency II reforms and Brexit-related dislocations, prompting institutional investors to favor aligned partners who prioritize long-term control over deal velocity. To navigate rising leverage risks and geopolitical volatility, leading firms are deploying AI-driven underwriting and targeting $2 billion mid-market deals that offer superior covenant protection and recovery rates.