The parts of private credit most investors get wrong

01-Apr-2026

In this episode of It’s Not All PC, Privity Credit and Star Mountain Capital break down common misconceptions in private credit. Drawing on decades of experience, the discussion explores risk, liquidity and portfolio performance, offering investors practical insights into how private credit portfolios are structured and performing today.

This webinar sees credit experts, who manage billions in capital, share their insights on what’s really driving returns in private credit, addressing common misconceptions amongst investors in an asset class that is not always well understood.

The team unpacks the realities behind the headlines, including why lower-middle-market direct lending has delivered attractive outcomes in mature markets like the US, and what that means for Australian portfolios.

The webinar helps clarify:

  • Why “private credit = higher risk” is often the wrong assumption
  • Where structural inefficiencies create attractive, risk-adjusted returns
  • What Australia can learn from the evolution of the more mature US market
  • Where lenders can have more control and why that matters for downside protection

As investor demand for income and diversification grows, understanding how private credit actually works is critical when it comes to assessing opportunities with confidence.

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