Most people think private credit is a $1.5-2T trillion market. But that’s just direct lending - roughly 3% of the real opportunity.
Add asset-based finance, securitized products, CRE debt, fund finance, and infrastructure finance and you're looking at a $40T+ total addressable market.
Firms are already expanding across these strategies. And banks are partnering with them - providing warehouse lines, back leverage, and fund financing. The opportunity is enormous.
But so is the operational complexity.
Each asset class brings different collateral, different documentation, different servicing workflows, and different LP reporting requirements. Very few systems connect them. Capital is scaling exponentially. Infrastructure is scaling linearly.
That's the gap we're trying to map.
We just launched the 2026 Private Credit Technology Survey - the first industry-wide effort to identify the technology that needs to be built as credit managers scale.
We’re asking people in tech + ops at credit platforms to take a 10 minute survey to inform the industry.
It covers:
The biggest scaling break points across ops and tech
Which workflows still run on manual workarounds
How LP/ODD pressure is driving modernization
Where AI is actually deployed vs. just discussed
What credit managers would fix first if they could
Responding firms get a comp ticket to the March 12 Private Credit Technology Summit + the final research report.
If you’re in ops, tech, data, or portfolio monitoring at a credit manager or bank, we’d love your input.
Big thanks to Joey Adachi for his work putting this together. We had input from some of the biggest firms in the industry on the survey design, and we can't wait to share the results.
thanks, Marc
Check out the latest on Private Credit Technology Summit on March 12 in New York, too! We’ll release the results of the survey above there (and much more).
Learn from senior GPs, LPs, and technology leaders making real operating decisions across private credit today, and apply to be part of a highly curated audience.
📍 March 12, 2026 | New York
🔗 Apply to attend
Vijay Kasarabada, Partner, Chief Information Officer and Head of Technology, Ares
Sravanthi Gutta, Head of Investment Research, Data and AI Technology, Nuveen
David Haber, General Partner, Andreessen Horowitz (A16Z)
Sharad Dutta, Chief Information Officer, Veritas Capital
Dhruv Sharh, Vice President, Credit Technology, The Carlyle Group
Eliot Hodges, CEO, Anduin
Arnab Mazumdar, Partner and Chief Information Officer, Pantheon
Emma Zhang, Founder, CEO, Pactfi
Jeb Altonaga, Head of Business Development, Private Markets, Arcesium
Valentina Valencia, CEO, Vaas
Brad Foster, Head of Fixed Income & Private Markets, Bloomberg
Daniel Liechtenstein, Co-Founder & CEO, Hypercore
Mark Solovy, Co-Head, Technology Finance Group, Monroe Capital
Matt Schwartz, Partner, U.S. Finance Chair, DLA Piper
Tony Chung, Managing Director, Private Equity and Private Credit, Juniper Square
James Nadler, President & CEO, KBRA
Michael Shum, CEO, Cascade Debt
Karthik Nandyal, Co-Founder & Co-CEO, Credcore
Trevor Cook, Head of Loan Operations, Carta
Nelson Chu, Founder & CEO, Percent
Hemal Mehta, Founder & CEO, AtomInvest
Jenn Press, Chief Strategy Officer, RiskSpan
John Markell, Managing Partner, Armentum Partners LLC
Kevin Hsu, CEO, Lumonic
Bill McMahon, Senior Partner, LionPoint Group, (An Alpha Group Company)
Vijay Gudipalli, CEO at Alphastream
Arnab Mazumdar, Partner and Chief Information Officer, Pantheon Ventures
Amit Gairola, Chief Executive Officer, Daphne
Prath Reddy, President, Percent
Joey Fodero, Head of Credit Technology, BC Partners
Stu Wall, Co-Founder & CEO, Setpoint
With more to be announced soon!
