CG - Everyone on Wall Street is talking about the boom in private credit
2024-05-30 07:30:15 ET
There's an emerging asset class that has grown from around $250B in 2010 to about $2T today, and is set to expand by double-digit percentages in the coming years. The private credit market consists of private loans made by funds to privately-owned companies, with money originating from sources like pension funds, insurance companies, endowments and foundations. Private credit also leans heavily on direct lending and one-to-one relationships compared to traditional loans, where money that is lent out is funded through bank deposits or is syndicated among a group of investors....
Everyone on Wall Street is talking about the boom in private credit