Strategy Intelligence

Private Credit Fund Intelligence

Private credit has emerged as the fastest-growing alternative asset class, with AUM exceeding $1.7 trillion globally. Direct lending, mezzanine, distressed debt, and specialty finance strategies have attracted massive inflows as banks retreated from middle-market lending post-GFC. The convergence of private credit and public markets is accelerating through BDCs, CLOs, and asset-backed securities. Manager selection is critical in credit, where the spread between top and bottom quartile performers can exceed 500 basis points. GP health scores, regulatory compliance, and track record consistency are key differentiators. Our platform tracks credit managers across the spectrum from senior secured lending to opportunistic distressed, with detailed fund-level performance data from pension fund portfolios. The private credit market is particularly attractive for GP stakes investors due to the stable, fee-heavy revenue streams and lower volatility compared to equity strategies.

GPs Tracked
78
Total AUM
$807354.1T
Funds with Data
53
Avg Net IRR
9.9%

Top Private Credit GPs by AUM

#GP NameHQFoundedAUMStakeability
1UBS ASSET MANAGEMENT (AMERICAS) LLCUnited StatesN/A$59654.5TN/A
2SCULPTOR CAPITAL LPUnited StatesN/A$57548.2TN/A
3CIFC ASSET MANAGEMENT LLCUnited StatesN/A$32053.2TN/A
4NORTHCROSS CAPITAL MANAGEMENT LIMITEDUnited StatesN/A$30800.0TN/A
5OCTAGON CREDIT INVESTORS, LLCUnited StatesN/A$29604.4TN/A
6VOYA ALTERNATIVE ASSET MANAGEMENT LLCUnited StatesN/A$27232.6TN/A
7CVC CREDIT PARTNERS, LLCUnited StatesN/A$23090.2TN/A
8BLACKSTONE LIQUID CREDIT STRATEGIES LLCUnited StatesN/A$22652.7TN/A
9BARINGS LLCUnited StatesN/A$22363.4TN/A
10SOUND POINT CAPITAL MANAGEMENT, LPUnited StatesN/A$22191.2TN/A

Top Performing Private Credit Funds

Fund NameManagerVintageNet IRRNet Multiple
SSG Capital Partners V Sidecar, L.P.SSG201939.7%1.33x
Bain Capital Special Situations Asia II, L.P.Bain202123.2%1.37x
ICG Europe Fund VI, L.P.ICG Europe201519.6%1.81x
Opps NPL (A), L.P.Opps NPL (A)201118.5%1.69x
ICG Europe Fund VIII Feeder SCSpICG Europe202117.4%1.21x
Sixth Street Lending PartnersSixth Street Lending202216.2%1.14x
Sixth Street Opportunities Partners II (A), L.P.Sixth Street201116.0%1.76x
Sixth Street Specialty Lending Europe II (USD Feeder), L.P.Sixth Street Specialty Lending Europe202015.1%1.19x
SSG Capital Partners V, L.P.SSG201815.0%1.17x
Avenue Energy Opportunities Fund II, L.P.Avenue Energy201715.0%1.92x
ICG Europe Fund VII Feeder SCSpICG Europe201814.3%1.60x
PSERS TAO Partners Parallel Fund, L.P. - (TAO Contingent)PSERS TAO202013.3%1.22x
Bain Capital Distressed and Special Situations 2019 (A), L.P.Bain201913.0%1.65x
Keystone Partners L.P. - Series BKeystone202212.1%1.21x
Sankaty Credit Opportunities IV, L.P.Sankaty200811.7%1.49x

Geographic Distribution

United States
73 GPs
United Kingdom
3 GPs
Brazil
1 GPs
Ireland
1 GPs

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