Percent Launches PCTX, an Electronic Trading Venue for Institutional Private Credit
Percent has launched PCTX, a new electronic trading venue tailored for the private credit market. Designed as a standalone platform separate from Percent.com, PCTX aims to streamline liquidity discovery and asset evaluation by bringing together institutional investors and managers in one structured environment. The U.S. private credit market is expected to grow significantly, reaching $3.4 trillion by 2030. However, the current lack of standardized trading systems has limited price discovery and efficient portfolio management. PCTX addresses these challenges with a workflow that includes documentation, negotiation, and settlement in one platform. PCTX supports various transaction types such as indications of interest for individual loans or portfolios, BWICs (Bought-With-Call) and OWICs (Offered-With-Call). Over $250 billion in private credit AUM has already signed up from more than a dozen managers. The platform is designed to maintain privacy while enabling credible market valuations through structured interactions.
Topics: electronic trading institutional finance liquidity discovery private credit