Private Debt Looks for Growth as Traditional Capital Flatlines.

Institutional investors are no longer driving growth in the private debt industry, with money raised through funds targeted at them expected to remain flat this year. As a result, private credit investors are seeking growth elsewhere, such as retail investors and insurance companies. Investment in traditional closed-end vehicles has declined and is expected to stay flat, partly due to the decreasing appeal of private debt as central banks cut interest rates. Some private credit firms are forming open-ended, evergreen vehicles to attract retail investors, while others are tapping into insurance companies' capital through managed accounts. [Extracted from the article]