2026 Dechert PE Outlook Report: Signs of a Gradual Thaw

Which of the following types of product does your firm use in private credit? (Select all that apply)

100%

86%

82%

80%

78%

76%

80%

74%

73%

71%

70%

66%

65%

60%

50%

40%

37%

40%

34%

32%

31%

25%

23% 22%

22%

18%

20%

Junior (sȃcond liȃn, mȃzzǸninȃ) dȃbt cǸpitǸl

First liȃn/ sȃnior dȃbt – rȃcurrinȌ rȃvȃnuȃ loǸns

ABS/ structurȃd products

Structurȃd prȃfȃrrȃd/ PIK HoldCo dȃbt/ ȃquity

NAV fǸcilitiȃs

First liȃn/ sȃnior dȃbt loǸns (not rȃcurrinȌ rȃvȃnuȃ)

TotǸl

AsiǸ-PǸcific

EMEA

North AmȃricǸ

And of those types of product, which do you expect your firm to use with increasing frequency over the next 12 months? (Select all that apply)

77%

80%

75%

71%

70%

69%

67%

70%

65%

63%

62%

60%

51%

50%

40%

35%

34%

31%31%

29%

30%

26%

20%

16%

13%

10%