Nik Singhal, ORIX USA’s Group Head of Direct Lending, recently participated in the Pensions & Investments webinar “Sharpening the Lens on Private Credit.” As the private credit market continues to grow on the back of institutional demand for risk-adjusted returns, allocators are getting more granular in their allocation considerations. Several segments – from direct lending to growth capital and fund financing to opportunistic finance – are garnering interest. With many new entrants to the space, managers expertise, market scale and origination capabilities are front and center. Advances and best practices in benchmarking, both standard and custom, can help allocators with return data as well as evaluate manager performance. This panel of experts dives into both the drivers and challenges of private credit – offering nuanced perspectives on several sub-segments. They also share how they are addressing investor needs on structures, liquidity, and lender protections – as investors navigate what some are calling the private credit 2.0 era.