April 2, 2026

231 words…about a minute read 

What’s new: In this Global Insight episode of the On Aon podcast, Aon’s investment leaders examine the rapid growth of private credit and the questions it is raising across global markets. The discussion cuts through recent headlines to explain how private credit has evolved, why it plays an increasingly important role alongside public fixed income and what investors should focus on when evaluating risk, liquidity and portfolio outcomes. Drawing on perspectives from the U.S., UK and EMEA, the conversation highlights why manager selection, alignment of interest and structural discipline remain central as private credit continues to expand.

Experts in this episode:

• Ari Jacobs, Global Head of Investment, Aon
• Russ Ivinjack, Global Chief Investment Officer, Aon
• Alison Trusty, Co-Head of UK/EMEA Fixed Income, Aon

Key Takeaways:  

1. Private credit has evolved from a niche allocation into a core part of global fixed income markets, playing an increasingly important role alongside public credit as investors seek diversification, income and flexibility across portfolios.
2. Recent liquidity headlines reflect fund structures working as designed rather than systemic stress, underscoring the importance of understanding vehicle terms and investor protections.
3. Successful private credit outcomes hinge on manager selection and alignment of interest, with disciplined underwriting, governance and capital commitment from managers remaining critical as the market continues to grow and broaden access.

Listen for more: The “On Aon” podcast is available on Spotify, Simplecast and Apple Podcasts (iTunes)   

This episode of On Aon was recorded on March 23, 2026.