The private debt market has grown substantially since the Global Financial Crisis, which triggered regulatory reforms that restricted traditional banks’ lending practices. Into the breach have stepped non-bank lenders, filling the gap and then some. What was once only a niche has grown to $1.2 trillion in assets under management and is tracking to $1.5 trillion by 2025, according to investment data firm Prequin. Nelson Chu, the founder and CEO of private credit platform Percent, explains to Andreas Steno-Larsen how his startup facilitates investor access to private credit and business and consumer access to private capital. This is a must-see interview for those interested in an under explored alternative asset class. Recorded on July 6, 2022.