AllianceBernstein

December 17, 2025

Resilience by Design: How Private Credit Handles the Cycle

Credit cycles happen. Defaults happen. But negotiated loan structures, lender protections and long-term capital make private credit uniquely resilient.

AllianceBernstein

December 17, 2025

Article

Resilience by Design: How Private Credit Handles the Cycle

Credit cycles happen. Defaults happen. But negotiated loan structures, lender protections and long-term capital make private credit uniquely resilient.

Asset Deal Type Default Rates Direct Lending +3 more

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