Nik Singhal, Group Head of Direct Lending, recently spoke with 9fin about the state of private credit in its year-end examination of the industry’s most significant developments of 2025. Nik shared his perspective on continued deal activity, disciplined underwriting, and the factors supporting sustained momentum in deployment amid a shifting market environment.
“We are very optimistic about the deployment prospects,” said Nik Singhal, group head of direct lending at ORIX USA. “We haven’t lowered our underwriting standards, we’re just seeing more deals. There’s so much pent up M&A activity that has not taken place.”