Vol. 1 — Market Overview Vol. 2 — Firm Deep-Dives Vol. 2 Supp — PIK & Roll-Ups Vol. 2.5 — Roll-Up Audit Vol. 3 — Credit Ratings Vol. 4 — Market Structure Vol. 5 — Liquidity & Redemption
Vol. 2 — March 2026

Firm Deep-Dives

Detailed profiles of the top 10 private credit managers. Covers AUM growth trajectories, flagship fund structures, leadership, landmark deals, fee structures, yield/risk positioning, and competitive landscape. Sources: company filings, Bloomberg, Preqin.

Vol. 2 — Firm Deep-Dives

Top 10 Manager Profiles

Scope

Apollo, Blackstone, Ares, KKR, Blue Owl, HPS, Oaktree, Golub, Owl Rock, and Sixth Street. Combined private credit AUM exceeds $2T. Analysis covers 2019–2025 growth, fund count, flagship vehicles, key personnel, and landmark transactions.

AUM Growth & Trends

AUM Growth by Manager 2019–2025

Overview Tables

Vol 2 Page 1 — AUM & Fund Count Vol 2 Page 2 — Leadership & Landmark Deals

Firm Profiles

Vol 2 Page 3 — Apollo, Blackstone, Ares Profiles Vol 2 Page 4 — KKR, Blue Owl, HPS, Oaktree, Golub Profiles

Yield vs. Risk & Competitive Positioning

BDC Yield vs. Risk Scatter Competitive Positioning Matrix BDC Fee Structure Comparison