There seems to be two sides to the Canadian private credit market: a robust presence of sophisticated limited partners, some of which have a global direct investment platform, and a deal market where banks continue to have a major presence.
Large retirement funds such as the Canada Pension Plan Investment Board (CPPIB) and Caisse de dépôt et placement du Québec (CDPQ) have been some of the early players in the private credit space, playing the role of both capital allocators and deployers.
