Private Credit
A $2T asset class that retail money reaches through wrappers whose liquidity does not match the loans inside. Managers, fees, defaults, and the redemption episodes of 2026.
Desk data as of 2026-11-06 · Invest Alternative radar
IA sub-index
Private Credit
Built on BIZD (BDC proxy)daily
- 1D
- 0.00%
- 7D
- +1.37%
- 30D
- +4.41%
- 1Y
- -12.60%
The guide
The guide
Investing in Private Credit
Ten percent asked for their money back. Five percent got it.
Inside · 25 sections
The 5% door: what 2026 proved · What fees actually take · PIK: the income you did not receive · A $100,000 worked example · The IA view
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Articles & Guides
News·
H100 offer count rises 39% in a week to 46
Vast.ai listings for H100 capacity rose to 46 on Oct. 4, up 17.95% on the day and 39.39% in a week. The question is whether supply is expanding faster…
4 min read
News·
ETF launch filings hit 65, up 47.73% in a week
ETF launch filings rose to 65, up 47.73% in a week, despite a 12.16% dip on the day. Panel read: end-of-quarter queueing and a friendlier issuance window.…
4 min read
Investing in Interval Funds and Non-Traded BDCs
A fund promising quarterly liquidity on loans that have none pays for the promise with a 5% door.
43 min read
Investing in Litigation Finance
Funders quote multiples on concluded cases; the years each case takes, and the fee stack, set your return.
46 min read
Investing in Music Royalties
A music catalogue trades at a multiple of net publisher share, and that multiple sets the buyer’s return.
47 min read
Investing in Pre-IPO Shares
Outsiders rarely buy the stock itself; they buy a fund interest priced above the last trade, and wait.
46 min read
Investing in Listed BDCs
A listed BDC marks its own loans; the share price is the market’s daily audit of those marks.
38 min read
Private Credit, Explained
How a corner of finance most people had never heard of grew past a trillion dollars by becoming the bank — and where the bodies are likely buried.
10 min read
Recent sales and data
As of 2026-11-06
Data we track
The observations the desk collects each day, unadjusted. Change is against the prior observation, so a monthly series shows a monthly move. Each row carries the date of its last observation.
| Series | Trend | Latest | Change | Source | Last |
|---|---|---|---|---|---|
| VanEck BDC Income ETF (BIZD)1298 obs | $12.56 | -0.79% | Yahoo Finance | 2026-11-05 | |
| Invesco Senior Loan ETF (BKLN)5 obs | $20.61 | +0.10% | EODHD | 2026-09-04 |
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