How Smaller Managers Can Compete Despite Private Credit Market Concentration

Credibur founder Nicolas Kipp shared our perspective with Ellie Duncan and Alternative Credit Investor:

PitchBook data cited in the article shows that fundraising by “emerging managers” fell to 6% in 2024, down from 10.1% in 2023. The gap is real, and raising a fund is tougher than ever. Yet we believe smaller firms still have a distinct edge if they play to their strengths rather than imitate larger players.

 Our perspective:

• Entrepreneurial focus matters. Smaller teams can define a clear niche, specialize deeply, and move faster in exploring untapped segments.

• Operating leverage doesn’t require scale. Pairing that expertise with modern, “out-of-the-box” operating tools allows managers to build institutional-grade processes from day one without the headcount or overhead of a large platform.

• Technology is the enabler. Streamlined, tech-enabled fundraising, reporting, and facility management mean smaller firms can meet and even exceed large-house expectations on transparency, control, and speed.

• That combination enables managers to start smaller, operate more nimbly, and still deliver the standards investors expect.

Read the full article “Smaller firms find gap in competitive market” in the October issue of Alternative Credit Investor on page 7.