This panel explores the growth of private credit as an established asset class, as well as trends in private credit restructurings. The panelists explain the private credit market generally, key differences between direct lending and the broadly syndicated market, and the relationship between private credit and private equity. The panelists also highlight private credit restructuring trends, including the factors that drive success for an out-of-court restructuring, and spotlight some tools in the private credit restructuring toolbox.