$2 trillion in private credit growth is setting up private credit secondaries for rapid expansion as investors seek liquidity in a market built around illiquid loans.
BDC redemption scrutiny is accelerating that shift, pushing attention toward secondary sales as a way to generate cash without waiting for underlying assets to mature.
The segment’s rise reflects a knock-on effect from private credit’s broader boom, with liquidity pressures now creating a flourishing market for trading existing exposures.
The trend points to secondaries becoming a more important release valve as private credit scales and investors demand more flexible exit options.