1.On a scale of 1 to 5, where 5 indicates the highest level of concern, how concerned are you about headline risk in private credit given the current environment?

1 - Not at all concerned

2 – Slightly concerned

3 – Moderately concerned

4 – Very concerned

5 – Extremely concerned

2.On a scale of 1 to 5, where 5 indicates the highest level of concern, how concerned are you about the default cycle over the next 3 years?

1 - Not at all concerned

2 - Slightly concerned

3 - Moderately concerned

4 - Very concerned

5 - Extremely concerned

3.Where do you expect your or the average industry's private credit net returns to settle over the next 5 years?

Below 7%

7–9%

9–11%

>11%

4.Do you expect meaningful negative AI disruption in private markets, and if yes, where will it be felt more strongly?

Yes, private equity

Yes, private credit

Yes, Similar across both

No, both will be fine as AI is just another technological development among many

5.What do you expect to be the primary driver of outperformance in private credit over the next 5 years?

Origination access and deal flow

Structuring discipline and documentation

Workout / restructuring capability

Sector specialisation and thematic focus

6.Do you expect meaningful private credit performance dispersion to increase, and across what time horizon?

Yes, it already has

Yes, over the next 12–18 months

Yes, but much later in the cycle (post-refinancing wave)

No, it will remain limited and similar to past dispersion