# The Percent Pulse: Q1 2026 Investor Update & 2025 Year in Review

By

Percent

-

January 29, 2026

The Percent Pulse: Q1 2026 Investor Update & 2025 Year in Review from Percent on Vimeo

Missed the live session? Watch the full replay of our Q1 2026 Investor Update. Join Percent’s leadership team as they break down a pivotal year for the platform and the private credit industry.

In 2025, Percent facilitated over $500 million in issuance volume, despite a challenging macro environment. In this session, we pull back the curtain on the data behind these numbers, provide a live demo of our new Secondary Market trading capabilities, and share a candid look at our underwriting standards and workout scenarios.

For a detailed breakdown of these figures, you can also read our written [**2025 Year in Review**](/content/blog/2025-year-in-review/index.html).

**What We Covered:**

- **2025 Marketplace Performance:** A deep dive into our $350M+ year-end AUM, net returns after losses, and a transparent review of our default and recovery rates.
- **The Launch of Secondary Markets:** A walkthrough of our new functionality allowing investors to buy and sell eligible securities, creating potential liquidity in private credit. [**Read the announcement**](/content/news/percent-introduces-secondary-markets-a-new-chapter-for-private-credit/index.html).
- **Underwriting & Risk Management:** An inside look at how we are shifting heavily toward asset-based deals to secure downside protection and the measures we take to prevent fraud, such as double-pledging.
- **2026 Outlook:** Why we believe "selectivity" and "bifurcation" will define the year ahead, and how we are positioning the platform to capitalize on the lower middle market.

**Featured Resources:**

**2026 Private Credit Outlook** Dive deeper into the macro trends shaping the year ahead. Discover why we believe specialists will win over generalists and where we see the most opportunity in asset-based deals. [**Download the Report (PDF)**](https://cdn.prod.website-files.com/6324b40873100ea30a7d313c/6967dc0093a1bca0c404ccf1_Percent_2026_Private_Credit_Outlook-compressed.pdf)

**Separately Managed Accounts (SMAs)** Prefer a hands-off approach? We discussed how managed accounts offer a custom portfolio built to your risk and return profile. [**Explore Managed Accounts**](/content/separately-managed-accounts/index.html)

**The Life of a Deal** Learn more about how a deal makes it to Percent’s marketplace in our deep dive. [**Read the report**](/content/blog/percent-deal-vetting-process/index.html)