
Edward Smalley
Chief Co-Investments Officer and Head of Investment Solutions at Chenavari, specialising in structured credit and bank–private credit dynamics with deep experience across regulatory capital, SRTs and credit investing.
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Mar 4, 2026 • 1h 13min
124. Understanding the Evolution of Private Credit
Edward Smalley, Chief Co‑Investments Officer at Chenavari with deep experience in structured credit and bank–private credit dynamics. He discusses how structured credit evolved after 2008. He examines private credit growth, transparency gaps and BDC mechanics. He unpacks SRTs, spread dynamics and when yields tighten. He also looks at how AI and richer data are reshaping credit investing.


