As public and private markets converge, private credit is no longer a side bet—it’s actively transforming the architecture of deal financing. This opening panel dives into how private credit is influencing capital allocation, price discovery, and risk transfer across the spectrum, from traditional bank lending to capital markets instruments. Is private credit reshaping market liquidity and underwriting standards? How are originators and investors recalibrating strategies as new participants enter the stack? Join us for a fast-paced exploration of the structural shifts driving a new era of capital market innovation.

• How is the rise of private credit influencing liquidity, pricing, and risk tolerance across the broader capital markets ecosystem, including syndicated loans and bonds?
• In today’s market, what are the new boundaries (and overlaps) between private credit, bank loans, and public capital markets, and how are issuers navigating this increasingly complex capital stack?
• Are capital markets seeing changes in underwriting standards, investor behavior, or regulatory risks as private credit plays a more systemic role alongside traditional instruments? What does this mean for market resilience in volatile conditions?

Natural gas is a critical bridge fuel for reliability, but is it  paving the way for a nuclear or long-duration storage future? This workshop invites dealmakers working on gas transactions to openly discuss the role that gas plays in the future of the US market - from market dynamics and policy to investor appetite and future energy transition. 

• How are developers and investors structuring gas asset deals to balance current market demand with long-term decarbonization goals?
• What financing models and risk mitigants are most effective for natural gas projects given policy uncertainty and the evolving US energy mix?
• What contract terms or regulatory frameworks support flexibility for potential future pivots, or is gas here to stay?
• What innovative projects have we seen in the gas market space over the last year, and what does the future of US gas look like?