To gauge the current state of play and outlook for the private credit industry, Proskauer surveyed respondents from 178 private credit firms, primarily in the U.S. (70%) with the remainder based in the U.K. or E.U. The respondents spanned a range of levels – from associates to managing directors and partners – but most (72%) were senior-level executives. The majority (55%) of respondents’ firms had assets under management (AUM) exceeding $10 billion; about one-third had AUM between $1 billion and $9.99 billion; and the rest had less than $1 billion. The results were recently presented in a report (Report), which also looks at previous years’ survey results to identify any trends. This article summarizes the key takeaways from the Report, including trends in how private credit vehicles are structured, the types of strategies pursued and deal terms attained, as well as predictions about the future of the market. See “Mergermarket Survey Finds Strong Drivers for Continued Growth, Key Challenges Faced by Private Credit” (Jun. 1, 2023).