Public markets have surged, transparency expectations have shifted, and LPs are demanding more data, more liquidity, and more operational maturity than ever before.
At SuperReturn Europe, Mark Phillips, Global Head of Private Credit, Bloomberg, outlined one of the biggest structural shifts in the market: “Allocators aren’t running two portfolios anymore. Public and private credit are merging and data has to keep up.” He discussed the $41 trillion addressable credit market, why private credit could replace up to 15% of it, and how data, AI and real assets like data centers and hyperscalers fit into the story.