2025 Global Alts New York: Why Private Credit Will Dwarf Direct Lending

At the 2025 Global Alts New York conference, Thomas Curran, Head of Global Debt Markets, Americas at HSBC, Nicole Musicco, former CIO at CaLPERS and now Managing Partner at Square Nine Capital, and Tod Trabocco, CFA, Head of Private Debt Advisory at StepStone Private Debt, joined the Private Credit Opportunities panel, moderated by David Nissenbaum, Partner at Schulte Roth & Zabel. The panel explored the rapid evolution of private credit as an institutional asset class, growing investor demand for diversification beyond direct lending, and new trends in product innovation and transparency.

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