The Private Credit industry has grown significantly in the last few years, but not all the capital that has been raised has flowed into the market evenly. During the last five years, the 15 largest private credit managers – representing only 2.4 percent of the manager universe – captured 46 percent of all funds raised. This has implications for where this money has been deployed across strategies, sectors, and capitalization rages. Read our recent paper to learn more about how this capital has been invested.