International Monetary Fund
The IMF oversees the international monetary system and publishes the Global Financial Stability Report twice a year. Its April 2024 chapter on private credit is one of the most thorough official assessments of the asset class and its risks.
What they publish
The Rise and Risks of Private Credit
The IMF's chapter on private credit is the most rigorous neutral assessment of the asset class: how it works, who borrows and lends, and where the risks sit, from fragile borrowers to stale valuations.
Research
Intermediate
One-off chapter, April 2024
IMF Global Financial Stability Report
The IMF's twice-yearly survey of global financial stability: a risk assessment chapter plus analytical chapters on themes such as hedge funds, tokenization, private credit and emerging-market debt.
Research
Advanced
Twice a year, in April and October, with occasional updates