What Private Credit Needs to Build Next

Infrastructure at the Edge of Scale Research Report

Private credit has scaled in assets faster than it has scaled in infrastructure. This survey confirms that thesis with data.

This report presents aggregate findings across four pillars: the Scaling Constraints Map, the LP Pressure Index, the Modernization Trajectory, and the Build List. It then segments by firm size to show how constraints shift from people to process to architecture as platforms scale.

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