Transparency and Data Tracking

The problem

The private credit market has historically lacked a centralized, independent record of borrower experiences and outcomes. Loans are privately negotiated and rarely disclosed, so patterns in origination, servicing, modification, and enforcement are difficult to observe from outside an individual transaction.

That opacity now sits alongside significant scale. The market has grown to an estimated $1.5 to $2 trillion in assets, and supervisors have identified limited transparency and interconnections with banks, insurers, and private equity as vulnerabilities.

Source: Financial Stability Board, Report on Vulnerabilities in Private Credit, May 2026.

What CPCA does

CPCA is building that record through rigorous data tracking, giving individuals and businesses greater access to information and giving institutional stakeholders an independent resource for evaluating lending practices.

• Structured intake of borrower-reported concerns through a standardized submission form.
• Documentation review and categorization by loan type, structure, and reported outcome.
• Aggregate, de-identified analysis of recurring structural patterns.
• Publication of findings in research briefs, with sources cited.

CPCA does not publish lender names, ratings, or bad actor lists, and does not promise investigation or action in any individual matter.

The outcomes we seek

• A durable evidence base describing how private credit behaves under stress.
• Borrowers who can compare a proposed loan structure against documented outcomes before signing.
• Supervisors, researchers, and allocators with access to independent, cited analysis.
• Disclosure standards informed by evidence rather than anecdote.