Private credit is credit that is extended to companies or projects on a bilaterally negotiated basis. It is not publicly traded such as many corporate bonds and is originated or held by lenders other than banks. It takes various legal forms including loans, bonds, notes or private securitisation issues. Private credit encompasses various strategies including real estate debt, distressed debt, direct lending, mezzanine financing and structured financing.

The ACC represents the private credit industry to policy makers, legislators and regulatory authorities around the world. We draw on the expertise and diversity of our membership to shape the debate about the future of private credit.