More broadly, wealth managers must deliver highly personalized portfolios for their clients, and private credit allows for significant customization around investment goals and borrowing terms, including interest rates and amortization schedules. The views and opinions and/or analysis expressed are those of the author or the investment team as of the date of preparation of this material and are subject to change at any time without notice due to market or economic conditions and may not necessarily come to pass. Furthermore, the views will not be updated or otherwise revised to reflect information that subsequently becomes available or circumstances existing, or changes occurring, after the date of publication. The views expressed do not reflect the opinions of all investment personnel at Morgan Stanley Investment Management (MSIM) and its subsidiaries and affiliates (collectively "the Firm"), and may not be reflected in all the strategies and products that the Firm offers. According to April 2024 data, private credit investing volumes hit a new quarterly high of $230B, driven by refinancing in tech and healthcare. Related equity tickers in alternative asset space saw a 4% average gain.