This year's jam-packed ACC Global Summit in London brought together private credit leaders from across the globe to discuss the opportunities, challenges, and future of the asset class at a time of heightened investor and regulatory focus.

Missed the event, or want to revisit some of the key insights? Check them out below:

• A challenging but very real opportunity set:  Corporate lending market is still in growth phase despite higher for longer rates, slower M&A and greater competition between lenders.  Expectation that this period may see greater dispersion of performance between managers in the short-medium term, but medium-long term headwinds remain strong in the US market and Europe which now has a stronger foundation on which to realise its untapped potential.
   
• Transparency is essential for private credit:  This holds for both LPs and regulators who have core reporting needs and expectations of candour. Data and insights are essential for policymakers who need to understand how private credit’s newfound scale fits within the broader credit ecosystem and to assess what this means for the resilience of the wider economy.
   
• Defence may be private credit’s next frontier:  While governments around the world are now committing to higher defence spending, many defence companies still face financing challenges.  Many of these resemble those faced by mid-market businesses in the corporate sector, meaning private credit may be well placed to support these companies and contribute to the growth of the defence industry.
   
• ABCs of ABL matter as much as ever: The First Brands bankruptcy may have catapulted ABL to the front pages, but investor interest in this market remains undimmed.  Firms with domain expertise, differentiated origination and an ability to demonstrate robust underwriting and monitoring of their exposures will continue to attract capital from investors who see ABL as an attractive segment within private credit and a great diversifier for their portfolio.
   
• Changing of the guard within the UK pension market: With DB schemes in long-term decline the UK DC pension market will become an important investor base for private credit.  Moves to increase scale and support more diversified portfolios within the DC market are in train and private credit is an attractive proposition for many taking their first steps in private markets. Firms that can meet the need of attractive product and fee designs are set to prosper.
   
• Money and mortar: Infrastructure and real estate debt strategies are a coming force in the market with private credit managers providing the creative capital solutions needed to finance the energy and digital transformations.

See what’s next on the ACC events calendar here.