Two Paths to Credit: Syndicated Loans vs Direct Lending

13 Oct 2026
  • How do borrowers and sponsors arbitrage between the two over the cycle?
  • How are the two financing channels responding to volatility, regulation and sponsor behaviour?
  • Do LPs view both markets as complimentary tools or supplementary?

 

Speakers
Michael Ewald
Michael Ewald, Partner, Global Head of the Private Credit Group - Bain Capital