Unpacking the Risks, Rewards, and Future of Private Credit
In 2025, CAIA’s goal is to provide balanced perspectives on the secular trends fueling the private credit industry’s rise while highlighting the cyclical challenges and risks investors must navigate.
Blogs
NOV 2025
Credit Where Credit Is (Over)due: Private Credit’s Second Act
By Aaron Filbeck, CAIA, CFA, CFP®, CIPM, FDP, Managing Director, Content & Community Strategy, CAIA Association
SEP 2025
Opportunistic Credit in Multi-Asset Portfolios: A Private Credit Complement
By Dennis Mothoneos, CAIA, Co-Founder and Managing Director, Clearway Capital Solutions
SEP 2025
Pride, Prejudice & Private Credit
By Claire Sawyer, Associate Director of Educational Programs, CAIA Association
JUN 2025
Asset-Based Lending: Coming of Age in the 2020s?
By Aaron Filbeck, CAIA, CFA, CFP®, CIPM, FDP
Managing Director, Global Content Strategy, CAIA Association
JUN 2025
The Evolution of Private Credit
By Tony Davidow, CIMA®, Senior Alternatives Investment Strategist, Franklin Templeton Institute & Priya Thakur, CFA, Analyst, Franklin Templeton Institute
APR 2025
Private Credit at a Crossroads: Scaling Value & Expanding Access into Wealth Management
By Dara Akhavein, Student, University of Southern California
NOV 2024
Net Lease & Private Credit: A Complementary Allocation
By Justin Arasin, Head of Capital Formation and Product Development, US Realty Advisors
& David Grazioli, Managing Partner, US Realty Advisors
OCT 2024
Private Markets Go Down Market: A Doughnut Hole in a Doughnut’s Hole?
By Aaron Filbeck, CAIA, CFA, CFP®, CIPM, FDP
Managing Director, Head of UniFi by CAIA™ at CAIA Association
Newsletters
Podcasts
Capital Decanted
Season 1 Episode 11: Private Credit: Does this Decade Long Torrent need some Spring Cleaning? with Katie Koch and Kipp DeVeer (April 2024)
Capital Decanted
Season 2 Episode 10: Asset-Based Lending: An Asset Class or a Collection of Esoteric Collateral? with Greg Turk and Cedric Henley (June 2025)
Videos
CAIA ASSOCIATION
CAIA Explores Total Portfolio Approach Playlist
Private credit’s rapid expansion through semi-liquid and evergreen structures targeting wealth channels has introduced growing concerns around credit quality, underwriting discipline, and sustainability of performance…
CAIA ASSOCIATION
Optimizing Private Credit Portfolios
This event looked in-depth at structuring a private credit portfolio – key building blocks, such as direct lending, asset-based finance, real estate debt, capital solutions, etc…