In this playlist, we're going to provide you with an introduction to private credit, and we're going to do that by breaking things down into five parts, each designed to build your understanding step by step. First, we'll start with the basics: what private credit is and who the main players are.

Next, we'll go on to think about the forces driving the growth of private credit. It's a market that has expanded dramatically, and we'll consider the factors that have led to this significant growth. From there, we'll compare sponsored and non-sponsored private credit.

These two categories refer to who is borrowing the money, so it's helpful to see how they contrast. We'll then explore the main strategies you'll encounter in private credit, such as direct lending, distressed debt, and mezzanine financing.

Each strategy serves a particular purpose and comes with its own level of risk and reward. Finally, we'll wrap up with the typical characteristics of private credit investments, giving you a rounded picture of how these deals are structured and why lenders and investors find them attractive.