Private credit market set to reach US$1trn by 2020

摘要

The global private credit market is set to reach US$1trn by 2020, according to a report from the Alternative Credit Council - an affiliate of the Alternative Investment Management Association - that was published on Wednesday. Assets under management in the industry stand at US$605.5bn, which is split between dry powder and committed capital and is set to reach the US$1trn mark by 2020, according to the report, titled "Financing the Economy 2017".