ft.com
Private credit is now so big that the IMF dedicated an entire chapter in its latest Global Financial Stability Report to its “rise and risks”. But JPMorgan argues that even the IMF is underestimating the true size of the industry. As Alex wrote yesterday, the broadly syndicated loan market has clawed back some market share lately, but private credit remains one of the hottest asset classes out there. The IMF estimates the size of the global private credit industry at just over $2tn, most of wh…
over 1 year ago
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