The findings highlight growing pressures from regulation, operational challenges, and shifting deal activity that are reshaping the sector.
The research found that 96% of private debt managers anticipate consolidation over the next five years, with 72% expecting it to be significant. The survey covered 25 senior executives at private credit managers, collectively overseeing $196bn in assets.
“Many managers are still playing catch-up operationally, a dynamic that’s driven consolidation across the industry. As regulation intensifies and talent thins, outsourcing has become a strategic must.”
Des Fullam, Carne Group
Recent moves by large asset managers have underlined this trend. Des Fullam, chief regulatory and client solutions…