Private credit markets are entering a new phase of maturity as refinancing pressure, liquidity demands, operational complexity and product innovation continue to reshape the broader credit ecosystem. Recent 2026 developments; including the rapid expansion of evergreen structures, increasing adoption of AI-driven investment infrastructure, growth in private credit secondaries and greater scrutiny around liquidity, valuations and systemic interconnectedness are forcing firms to reassess how portfolios, operating models and product strategies should evolve for the next market cycle.  

The session will begin with a collaborative "Time Capsule" exercise, where attendees and speakers will review predictions shared at last year's event and collectively compile new predictions for the future of credit markets to be revisited at next year's conference. The panel will then examine the structural shifts expected to define the next era of public and private credit markets, with speakers discussing how firms are preparing through changes in portfolio construction, technology infrastructure, liquidity management, product development and market positioning.