Turning Rock Partners 2025 White Paper

In Turning Rock Partners’ latest white paper “State of the Markets & Private Credit Outlook”, we examine the economic data and market-moving events impacting investors.

Amid a challenging macroeconomic environment, private credit has shown less defaults than expected, signaling underlying health and stability — while investor appetite continues with private credit AUM growing at a steady pace.

At Turning Rock, our focus is on resilient business models that can withstand tariff whipsaws. We ensure moderate all-in leverage and require substantial equity cushion behind us. Keeping duration tight and working with management teams who have a history of execution in difficult market environments is paramount.

Read more about Turning Rock’s insights into today’s private credit market: