Against a backdrop of wider macroeconomic uncertainty, investment in private credit in Europe continues to grow, supported by a broadening range of asset classes as well as welcome regulatory developments. Here, our infrastructure investment experts discuss their views on the road ahead for infrastructure investing.
The global market for private credit has expanded rapidly over the past 15 years. A diminished appetite for lending among banks, caused by the global financial crisis and subsequent restrictions, has seen non-bank financial institutions and private lenders provide increasingly large volumes of debt financing.
Figures published by credit rating agency Moody’s earlier this year indicate that the value of global private credit assets under management is on course to rise from less than USD 0.5 trillion in 2014 to almost USD 3 trillion by 2028.
Private credit has typically been extended to companies that are looking to raise capital outside of traditional banking channels and which may not qualify for standard bank loans. “In the corporate sphere, private debt plays a very specific role for companies that want to grow rapidly,” explains Christopher Carrasco, Head of SME Lending.
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