If you're looking for new ways to grow your money, you might be hearing more about private credit. It's a rapidly expanding investment class that's changing how companies get funding and how investors earn returns, often with surprising benefits and risks.
Private credit is trending because institutional investors like T. Rowe Price are increasingly allocating significant capital to it, signaling its growing importance in financial markets.
Major asset managers are launching new funds and strategies focused on private credit, attracting attention from both large institutions and high-net-worth individuals.