Fund Manager Views on the Importance of
Debt Lenders in the Next Five Years
Private debt firms have stepped into a gap left by banks after the Global Financial Crisis and are focused on lower-risk credits. More than 30% of fund managers surveyed by Preqin for Future of Alternatives 2025 believe banks will be less or significantly less important as debt lenders over the next five years, compared to a quarter that expect them to be more important.