Q3 Saw Continued Acceleration in Niche Credit Strategy Hires

Q3 was a busy hiring period across the board, with 144 moves tracked by With Intelligence – up 18% from Q2. Overall, With has tracked 401 moves in the private credit market in 2024.?

Direct lenders once again account for most hiring activity in the quarter, around 61% of all hires tracked by With in Q3.?

However, there was a notable uptick in hiring for niche credit strategies. We tracked 38 hires across opportunistic, specialty finance, and special situations.

The sharp increase in hiring activity comes alongside a recent uptick in launches for niche credit strategies, which have made up 43% of new fund launches between March and October 2024.

The rise comes as LPs look to diversify their private credit exposure beyond traditional direct lending. Strategies including NAV lending, music royalties, healthcare royalties, and litigation finance all received attention from consultants in 2024.?

Keep an eye out for next week's Alternative Insider covering Private Equity hires, having just wrapped up its busiest hiring quarter of the year.?

With Intelligence makes it easy for GPs and LPs to spot trends and make informed decisions. We track fund launches, mandate wins, and people moves and produce regular reports across alternative assets, ensuring you have all the information you need.?

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