Try GOLD - Free
Private credit nears 2020-level slump
Mint Hyderabad
|December 30, 2025
Business development firms are set for their worst year relative to the S&P 500 since 2020, leading some investors to question their future in the $1.7 trillion private credit market.
-
Private credit has declined 6.6% this year
(ISTOCKPHOTO)
The Cliffwater BDC Index, which tracks 41 vehicles that house direct loans, is down about 6.6% this year through Dec. 2204, versus the S&P 500’s roughly 18.1% gain, according to data compiled by Bloomberg. In 2023 and 2024, the BDC index gained about 25.4% and 4.1%, respectively.
The vehicles have been pummeled by a storm of rate cuts, market blowups and risingsigns that the market is set to experience more stress. A lack of deals this year forced private lenders to shrink margins on loans, diminishing how much they can earn.
This story is from the December 30, 2025 edition of Mint Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Hyderabad
Mint Hyderabad
Satya Decodes Timing And Investor Psychology
An independent market voice decoding cycles through discipline and psychology. Known for timing inflection points ahead of institutional consensus
2 mins
April 16, 2026
Mint Hyderabad
NewsReach: Rewriting Public Relations For The Al Age
As visibility becomes the new currency, NewsReach is building the intelligence layer that connects brands, media, and creators
2 mins
April 16, 2026
Mint Hyderabad
Pioneering The Human-Centric Well-being Story
In a fast-paced digital era, Shradha Chaturvedi, founder and CEO of GetCompanion, is tackling loneliness affecting over 300 million Indians.
1 min
April 16, 2026
Mint Hyderabad
Quick commerce turns the new frontier for brand innovation
Quick commerce is evolving beyond a distribution channel into a testing ground for product innovation, enabling brands—from new-age to legacy players, across categories from milk to makeup—to launch, refine and scale offerings.
2 mins
April 16, 2026
Mint Hyderabad
Fortune 500 Companies Pivot Beyond The Metros
As attrition rates soar in metros and talent demands evolve, global corporations are increasingly shifting their GCC strategies toward Tier 2 India
1 mins
April 16, 2026
Mint Hyderabad
Earthen Connect: From Label Claims To Verified Food
As digital tools become easier to use, traceability is emerging as the new standard of trust in everyday food products across global markets
2 mins
April 16, 2026
Mint Hyderabad
Ports to extend export relief till April-end
India’s major ports are set to extend relief measures for exporters hit by disruptions from the ongoing West Asia conflict until the end of April, according to two people aware of the development, as shipping delays and logistics costs remain elevated.
1 min
April 16, 2026
Mint Hyderabad
From UPSC Topper To Powering Multi-Sector Growth
Akhand Swaroop Pandit's journey from a UPSC topper to a multi-sector entrepreneur reflects academic excellence, resilience, and vision.
1 min
April 16, 2026
Mint Hyderabad
Wholesale inflation rises to 3.88% in Mar
India's wholesale inflation rose to 3.88% in March—the highest in more than three years—breaking a six-month run of subdued readings through December 2025, as higher prices of crude petroleum, natural gas, basic metals, and manufactured food and nonfood items pushed up costs, according to commerce ministry data released on Wednesday.
2 mins
April 16, 2026
Mint Hyderabad
Fuel rationing hurts telecom despite its critical sector tag
Operators warn that fuel shortages could threaten network continuity and essential services
2 mins
April 16, 2026
Listen
Translate
Change font size