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CEPRES' 2026 Private Credit Outlook

Get a data-driven view of the trends shaping private credit in 2026 — from widening performance dispersion and sector-level risk to refinancing pressure and borrower resilience. Built on CEPRES private markets data across 17,200+ funds and 157,000+ deals, this report helps investors move beyond headline market narratives and understand what is really driving outcomes at the loan level.

Download the report to explore where risk is building, where opportunity remains strongest, and why manager selection, sector expertise, and deeper portfolio transparency matter more than ever.

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Venture Capital: Is the AI Boom Repeating the Dot-Com Cycle

Thirty years of North American technology venture data reveal a $480.5bn gap between reported portfolio valuations and realized cash.

Download the report to compare the AI and dot-com cycles across capital flows, defaults, loss rates, IRR and DPI—and see what the data suggests about how much of today’s AI-driven value could ultimately convert into distributions.

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Price and Limits of the EV Trade: A Deal-Level View of Growth, Risk, and Returns in Automotive Components

DealForge analysis of 112 automotive-component investments, including 18 tire and rubber deals, reveals a 23.73% versus 0.41% median gross IRR split — while 85% of net equity value creation came from revenue growth and margin expansion.

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Private Debt: What the Transaction Data Suggests

Private debt has shifted from deployment to realization: distributions reached $490.2bn in 2024, cumulative net capital flows turned positive in 2025, and the 2021 and 2022 vintages broke sharply from previous return patterns.

Download the report to uncover why pooled and median net IRR tell very different stories, where Default, Loss and Recovery Rates are concentrated across vintages, geographies and sectors, and what the transaction data means for commitment pacing, allocation, manager selection and due diligence.

Client Exclusives

Private credit: Spotlight on deals — the winners and losers & bounce back from the crisis

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Navigating Private Debt: A Deep Dive into Historical Risk and Returns

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