The US private debt market continues to expand as institutional investors seek higher yields and greater portfolio diversification outside of traditional lending avenues. Amid evolving macroeconomic conditions and heightened competition among lenders, private debt is shaping deal structures and borrower strategies in new ways. This panel will unpack the latest trends, risks, and opportunities facing both investors and issuers in the US market.

• How are regulatory developments and shifting risk appetites influencing the structure of private debt transactions?

• Growing interest, pros and cons of evergreen debt funds

• In what ways are structuring and documentation for ABL deals evolving to address new types of collateral and borrower profiles?

• What regulatory or competitive developments could impact the growth and attractiveness of asset-based lending in the private debt space?