Many regard the 2008 global financial crisis as the making of the modern private debt market because it created an opening after banks retrenched from lending. While it is still too early to predict with confidence the consequences of the current turmoil, there are signs private debt could yet again prove its ability to adapt to a new normal. For PDI’s first-ever Talking Points report, industry players give their thoughts on the ups and downs of the current situation, and where opportunities lie in the post-covid era.