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Oxane Partners’ survey highlights private credit market sentiments
05 June 2026 US, UK
Image: Sutthiphong/adobe.stock.com
Oxane Partners, a technology-driven solutions provider to the private credit markets, has announced the results of Compass 2026, a credit-only survey of over 380 private credit industry professionals.
The firm partnered with strategic insights agency Opinium to survey professionals across direct lending, asset-based finance, fund finance, real estate, securitised products, infrastructure, and significant risk transfers based in the UK and US.
According to the firm, private credit remains positioned for growth, with 83 per cent of respondents to the survey, expecting assets under management (AUM) to increase over the next 12 to 18 months while pointing to a more disciplined phase for the market, defined by risk management, and the need for a scalable operating infrastructure.
Compass 2026 concluded that asset-based finance and specialty finance lead private credit growth, cited by 66 per cent of respondents, ahead of fund finance at 60 per cent and corporate direct lending at 56 per cent.
Securitised products also show notable momentum, with 49 per cent of active firms planning to increase deployment.
Risk management ranks as the top operational challenge, cited by 42 per cent of respondents market-wide and 60 per cent of funds.
Four-in-five firms expect technology budgets to rise by 20 per cent or more, reflecting the technology infrastructure needed to manage the growing complexity of private credit.
Security, scalability, execution certainty and financial stability are the top vendor evaluation criteria, showing that firms are prioritising resilience and delivery confidence as much as innovation.
The survey also points to a clear distinction in modernisation priorities across market participants.
Funds are feeling the operating consequences of scale more directly, according to the survey, with greater emphasis on technology investment, valuation confidence and regulatory readiness.
The findings also reflect a broader convergence across the market, with banks and institutional capital moving deeper into credit alongside alternative lenders.
As investments expand across strategies, collateral types and financing structures, firms need controls that go beyond investment performance to identify risk pockets, data inconsistencies, collateral issues and concerns around fraud or double pledging.
Sumit Gupta, CEO and co-founder of Oxane Partners, remarks: “As private credit grows further, firms will need to pair investment conviction with prudent risk management, and the operating discipline required to scale with confidence. Compass 2026 captures a market that is still ambitious, but increasingly clear-eyed about the infrastructure needed to support that ambition.”
Kanav Kalia, managing director, Oxane Partners, adds: “Compass 2026 shows a clear mandate for stronger operating discipline. Firms are still focused on growth, but they are also strongly prioritising the infrastructure to manage that growth. There’s a clear realisation that this is what will give firms the confidence to scale through changing markets.”
The firm partnered with strategic insights agency Opinium to survey professionals across direct lending, asset-based finance, fund finance, real estate, securitised products, infrastructure, and significant risk transfers based in the UK and US.
According to the firm, private credit remains positioned for growth, with 83 per cent of respondents to the survey, expecting assets under management (AUM) to increase over the next 12 to 18 months while pointing to a more disciplined phase for the market, defined by risk management, and the need for a scalable operating infrastructure.
Compass 2026 concluded that asset-based finance and specialty finance lead private credit growth, cited by 66 per cent of respondents, ahead of fund finance at 60 per cent and corporate direct lending at 56 per cent.
Securitised products also show notable momentum, with 49 per cent of active firms planning to increase deployment.
Risk management ranks as the top operational challenge, cited by 42 per cent of respondents market-wide and 60 per cent of funds.
Four-in-five firms expect technology budgets to rise by 20 per cent or more, reflecting the technology infrastructure needed to manage the growing complexity of private credit.
Security, scalability, execution certainty and financial stability are the top vendor evaluation criteria, showing that firms are prioritising resilience and delivery confidence as much as innovation.
The survey also points to a clear distinction in modernisation priorities across market participants.
Funds are feeling the operating consequences of scale more directly, according to the survey, with greater emphasis on technology investment, valuation confidence and regulatory readiness.
The findings also reflect a broader convergence across the market, with banks and institutional capital moving deeper into credit alongside alternative lenders.
As investments expand across strategies, collateral types and financing structures, firms need controls that go beyond investment performance to identify risk pockets, data inconsistencies, collateral issues and concerns around fraud or double pledging.
Sumit Gupta, CEO and co-founder of Oxane Partners, remarks: “As private credit grows further, firms will need to pair investment conviction with prudent risk management, and the operating discipline required to scale with confidence. Compass 2026 captures a market that is still ambitious, but increasingly clear-eyed about the infrastructure needed to support that ambition.”
Kanav Kalia, managing director, Oxane Partners, adds: “Compass 2026 shows a clear mandate for stronger operating discipline. Firms are still focused on growth, but they are also strongly prioritising the infrastructure to manage that growth. There’s a clear realisation that this is what will give firms the confidence to scale through changing markets.”
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