Corporate Finance Explained | Private Credit: How Non Bank Lending Is Reshaping Corporate Finance

Corporate Finance Explained | Private Credit: How Non Bank Lending Is Reshaping Corporate Finance

June 11, 2026 · 25 min · Episode 236

About this episode

This episode explores the growth of private credit and its impact on corporate finance.

What if the next financial crisis isn’t hiding inside the banking system, but outside of it? In this episode of Corporate Finance Explained, we unpack the explosive growth of private credit and the rise of a $2 trillion shadow banking system that is reshaping corporate finance. Once considered a niche alternative asset class, private credit has become one of the fastest-growing sources of business financing, allowing companies to raise billions of dollars outside traditional banks and public debt markets. We explore how private credit emerged after the 2008 financial crisis, why companies are increasingly choosing direct lenders over banks, and how structures like unitranche loans are changing the way deals get done. Along the way, we examine major transactions, hidden risks, and the growing concerns regulators have about transparency, leverage, and systemic risk.

People in this episode

Host: Corporate Finance Institute

Topics covered

Keywords

Mentioned in this episode

Organizations: Corporate Finance Institute, shadow banking system

Products: unitranche loans

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