News Digest: Private credit could boom in 2023 over Asian investments
April 21, 2023
A new survey has noted that Asian institutions were clamoring to raise allocations in the private debt market, which could result in good tidings for the segment over the rest of the year. The survey by BlackRock said institutional interest in private credit was not showing signs of abating.
The global private markets survey for 2023 released by BlackRock on April 18, said about 68% of all institutions in the Asia Pacific region had plans to enhance their allocations to private credit in the short term.
According to the company, their latest survey covered over 200 global institutions managing in excess of $15 trillion in assets. The size of the private credit market tripled to $1.2 trillion between 2012 and 2022, according to another report by Alta and Aletheia Capital. Meanwhile, the Asian private credit market expanded by nearly 30 times over the last two decades to more than $90 billion, as of June 2022.