Private debt hits $638bn

The total volume of institutional assets under management allocated to private debt is estimated to be around $638 billion globally, according to a PRI Association report.

There are two dominant private debt markets globally, in the US and Europe. The US market is larger and more mature than that of the European Union, which is predominantly comprised of UK and French issuers.

Roughly $107billion of new capital was raised by private debt funds in 2017 globally, of which $67bn was raised by funds in the US, $33bn by funds in Europe, and USD$6bn by funds in Asia.

Elsewhere – particularly Germany and the Nordics – banks still dominate the lending market for historic and/or regulatory reasons.

See full report here.