While corporate borrowing trends are expected to remain stable, providing a foundation for credit market growth, and private credit continues to serve as a compelling alternative, credit markets as a whole are undergoing a significant transition, driven by evolving economic conditions and advances in technology. Technological advances are also creating a more interconnected and sophisticated credit landscape, where the boundaries between conventional and innovative financial products are increasingly fluid. How will the ongoing transition in credit markets affect traditional investment strategies? What new opportunities and risks are emerging as a result of these market shifts?