Tod Trabocco

As direct lending continues to encroach on the territory once dominated by syndicated leveraged loans, 2025 marks a pivotal moment for credit markets. Institutional capital is flooding into private credit, reshaping issuance dynamics and investor preferences. This panel brings together leading investors, lenders, and capital markets professionals to explore whether private credit is on a path to overtake syndicated loans — or whether these two markets are evolving toward a more symbiotic coexistence.