Private credit was built on specialization. Now, the largest players are getting bigger, broader and increasingly harder to categorize as lenders, investors, allocators and distributors converge across the private capital ecosystem. If everyone has scale, flexible capital, deep sponsor relationships and multiple ways to deploy, what makes one platform meaningfully different from another? This panel will examine whether the great rebundling is creating stronger investment platforms and better outcomes, or simply making true differentiation harder to see.

Moderator:

• Erica L. Frontiero, CEO, EF Advisors; Senior Advisor, LSTA