Liquidity, co-investment options, and flexible fund designs are driving the next phase of private credit’s evolution, according to a new research by the Alternative Credit Council and Dechert.

Fund managers are increasingly adapting their structures to meet investor demands for greater liquidity, co-investment opportunities and customisation as private credit matures, according to a new study by t he Alternative Credit Council (ACC).  Published in partnership with global law firm Dechert, the ACC report titled ' 'Trends in Private Credit Fund Structuring 2025' d rew from data collected from 50 managers representing US$1.5 trillion in private credit assets. The report point