Scaling with Private Credit: Operational Insights for a $2.6 Trillion Market​

The private credit market is experiencing rapid growth, presenting exciting opportunities and operational challenges. According to Preqin, the market is projected to expand from $1.5 trillion in 2024 to $2.6 trillion by 2029, reflecting borrowers’ increasing reliance on private credit for its speed, certainty, and flexibility in an environment where traditional bank lending is constrained.

Morgan Stanley’s recent Private Credit Outlook 2025 reinforces these trends, highlighting how the evolving dynamics of private credit are reshaping the financial landscape.

This extraordinary growth underscores the need for more innovative, scalable operational solutions. Yet, many firms remain dependent on outdated systems and fragmented processes that hinder their ability to keep pace with modern private credit complexities. As financing costs rise and deal structures evolve—such as the increasing use of payment-in-kind (PIK) interest structures—firms face mounting pressure to streamline operations and improve efficiency.

At Tenor, modern technology holds the key to unlocking operational excellence. On one advanced platform, Tenor empowers private credit firms to reduce costs, scale effectively, and focus on delivering value to their investors by unifying loan operations and borrower management.

As private credit surges toward $2.6 trillion, firms prioritizing operational efficiency and agility will thrive and differentiate themselves in this competitive and dynamic market.