February 22, 2023
Private credit and infrastructure investments across emerging and developing markets surged to record levels in 2022 as borrowers looked for alternative financing options amid rising interest rates, according to a report published on Wednesday. The Global Private Capital Association (GPCA) said private credit investment saw the largest increase, increasing by 89% ($10.8 billion) in 2022 from the previous year Asia, Latin America, Africa, Central and Eastern Europe (CEE), and the Middle East. As firms seek alternative financing options amid the fastest interest rate hikes in decades, private credit fund managers are finding a variety of opportunities to deploy capital, which also include non-performing and distressed loans, as well as senior and junior financing for middle-market businesses.
Read the original article in Zawya: Private credit investments surged 89% in 2022 – report