Private Debt continues to strengthen its position in 2026 as a fundamental asset class within the alternative investment landscape. Our report, Investment Thesis – Private Debt 2026, analyzes the market’s significant growth over the past decade and how strategies such as Direct Lending, Mezzanine, Special Situations, and Distressed Debt have driven attractive returns through flexible debt structures, downside protection, and stable income generation.

In this document, you will find:

  • Private Debt market context
  • What is Private Debt?
  • Strategies: Direct Lending, Mezzanine, Distressed, Special Situations, CLOs, and BDCs”
  • Fund characteristics and risk structure
  • Portfolio benefits
  • Risk/return profile by strategy
  • Historical performance (IRR and TVPI)
  • And further information on Private Debt

Private Debt has demonstrated stable and recurring income, diversification, lower default rates, structural protections, low sensitivity to interest rate risk, and positive returns across various interest rate environments—all of which reinforce its role within investment portfolios.

Read the full report:

Investment Thesis – Private Debt 2026 (in Spanish)

Investment Thesis – Private Debt 2026 (in Portuguese)