John Czapla, Chairman at Valuation Research Corporation (VRC), offers his perspective on the resilience of private credit in today’s turbulent markets and the valuation implications for investors in the latest issue of AIRA Journal. This article provides timely insights for professionals navigating uncertainty in private credit and valuation trends.

“The private credit market has thus far demonstrated resilience through rising interest rates, refinancing pressures, pandemics, trade disruptions, and other episodic volatility, supported by covenant structures and disciplined valuation practices.”