Private credit historically has offered premium yields above the run-of-the-mill public market fixed incomes offerings for investors. As traditional credit markets pull back on lending in commercial markets, more and more companies, especially those that are private equity-backed, are turning to private credit for their financing needs. Non-bank lenders and financial institutions as well as investors are filling this need; just yesterday it was reported that Softbank is looking to enter the private credit market. Percent is a marketplace for private credit that brings public market-like attributes to the historically opaque private credit market.