There is no denying that private credit, also known as private debt, is having a moment. And while non-bank lenders only account for about 5% of the local financial system's total assets, one look at our international peers like the US and UK shows just how much potential the asset class has.

This is because private credit also has the potential to generate impressive returns; returns that will persist, according to MaxCap Group executive chair Wayne Lasky.

With long-term, generational themes - such as housing shortages and deglobalisation - providing tailwinds for the private credit space, and predictions of further volatility and uncertainty to come, MaxCap Group believes an allocation to private debt might be just the diversifier traditional portfolios are in need of.

Find out more in the article.