As the economic landscape evolves, discussions around a potential soft landing, disinflation, and forthcoming rate cuts are gaining momentum. Private credit, once considered an under-the-radar newcomer is now the cool kid on the block, raising questions about whether this trend will endure in the face of megatrends such as a looming maturity wall and the AI revolution. In the driver’s seat, how are investors reshaping the composition of the credit market? Where are there still opportunities to seize and what are risks to avoid? What will the future hold for the state and revolution of credit markets?