Strategy Intelligence

Private Credit Fund Intelligence

Private credit has emerged as the fastest-growing alternative asset class, with AUM exceeding $1.7 trillion globally. Direct lending, mezzanine, distressed debt, and specialty finance strategies have attracted massive inflows as banks retreated from middle-market lending post-GFC. The convergence of private credit and public markets is accelerating through BDCs, CLOs, and asset-backed securities. Manager selection is critical in credit, where the spread between top and bottom quartile performers can exceed 500 basis points. GP health scores, regulatory compliance, and track record consistency are key differentiators. Our platform tracks credit managers across the spectrum from senior secured lending to opportunistic distressed, with detailed fund-level performance data from pension fund portfolios. The private credit market is particularly attractive for GP stakes investors due to the stable, fee-heavy revenue streams and lower volatility compared to equity strategies.

GPs Tracked
115
Total AUM
$1489463.1T
Funds with Data
53
Avg Net IRR
9.9%

Top Private Credit GPs by AUM

#GP NameHQFoundedAUMStakeability
1TEACHERS ADVISORS, LLCUnited StatesN/A$402994.3T68%
2NEW ENGLAND ASSET MANAGEMENT, INC.United StatesN/A$103192.8T57%
3Warburg PincusUS1966$82000.0T59%
4UBS ASSET MANAGEMENT (AMERICAS) LLCUnited StatesN/A$59654.5T57%
5SCULPTOR CAPITAL LPUnited StatesN/A$57548.2T61%
6Lone Star FundsUS1995$37407.3T49%
7CIFC ASSET MANAGEMENT LLCUnited StatesN/A$32053.2T68%
8NORTHCROSS CAPITAL MANAGEMENT LIMITEDUnited StatesN/A$30800.0T65%
9OCTAGON CREDIT INVESTORS, LLCUnited StatesN/A$29604.4T65%
10VOYA ALTERNATIVE ASSET MANAGEMENT LLCUnited StatesN/A$27232.6T65%

Top Performing Private Credit Funds

Fund NameManagerVintageNet IRRNet Multiple
SSG Capital Partners V Sidecar, L.P.SSG201939.7%1.33x
Bain Capital Special Situations Asia II, L.P.Bain202123.2%1.37x
ICG Europe Fund VI, L.P.ICG Europe201519.6%1.81x
Opps NPL (A), L.P.Opps NPL (A)201118.5%1.69x
ICG Europe Fund VIII Feeder SCSpICG Europe202117.4%1.21x
Sixth Street Lending PartnersSixth Street Lending202216.2%1.14x
Sixth Street Opportunities Partners II (A), L.P.Sixth Street201116.0%1.76x
Sixth Street Specialty Lending Europe II (USD Feeder), L.P.Sixth Street Specialty Lending Europe202015.1%1.19x
SSG Capital Partners V, L.P.SSG201815.0%1.17x
Avenue Energy Opportunities Fund II, L.P.Avenue Energy201715.0%1.92x
ICG Europe Fund VII Feeder SCSpICG Europe201814.3%1.60x
PSERS TAO Partners Parallel Fund, L.P. - (TAO Contingent)PSERS TAO202013.3%1.22x
Bain Capital Distressed and Special Situations 2019 (A), L.P.Bain201913.0%1.65x
Keystone Partners L.P. - Series BKeystone202212.1%1.21x
Sankaty Credit Opportunities IV, L.P.Sankaty200811.7%1.49x

Geographic Distribution

United States
75 GPs
Unknown
27 GPs
US
6 GPs
United Kingdom
4 GPs
Ireland
1 GPs
Brazil
1 GPs
GB
1 GPs

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