Private Credit’s Evolution: Stability, Opportunity, and the Road Ahead
In today’s European private credit landscape, stability and scalability have become the new cornerstones of success. In this Investment & Pensions Europe (IPE) commentary, Zach Lewy, founder, CEO and CIO of Arrow Global, explains how the asset class is maturing, offering institutional investors clear, risk-adjusted opportunities amid market dislocation, refinancing gaps, and macroeconomic shifts.
Arrow manages and services over €110 billion in assets, leveraging data, technology, and deep local insight to drive performance and manage complexity.
As Zach explains:
“Private credit has undergone a transformation in recent years, and as we head into 2025, the opportunities ahead are clearer than ever.”
“The most experienced investors prioritise opportunities that are easy to understand, straightforward to track, and backed by strong fundamentals.”
“We are stepping in to support banks… providing additional capital to bridge the gap.”
From bridging distressed refinancings to financing real estate and hospitality assets in Europe’s rising southern markets, Arrow is helping reshape private credit into a more transparent, resilient, and investor-aligned asset class.
Read the full article to explore how Arrow Global is charting the future of private credit—where quality, clarity, and capital efficiency define a new era of institutional opportunity.
Zach Lewy
CEO, CIO, Fund Principal
Zach has more than 25 years of executive experience in investment management and asset servicing. He founded Arrow Global in 2005 and has since led the business as Group CEO and CIO, transforming it into a leading Pan-European investment manager specialising in private credit and real estate. Under Zach’s leadership, Arrow manages more than €110 billion of serviced assets across Western Europe and generates alpha across alternative asset classes, including opportunistic credit, real estate, and lending.
Zach has supervised over 3,000 deals at Arrow and plays a key role as lead Principal in Arrow’s fund manager. Prior to founding Arrow, he was an Officer of Sallie Mae, a Director at Vertex (the BPO division of United Utilities), and a Founder and Executive Director of 7C (a U.K. BPO company acquired by Vertex). He has also served as Chair of the U.K. Debt Buyers Association and the Chair of SCOR. In 2010, he was named an Ernst and Young Entrepreneur of the Year.
Zach graduated from Princeton University with a BA in Economics with Honours and a Certificate in Applied and Computational Mathematics with Honours.