Emerging markets private credit reaches record 22.3 billion

Private credit in emerging markets reached a record $22.3 billion last year. Total private capital rose to $150.3 billion as bank lending tightened globally.

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Investors directed a record $22.3 billion in private credit toward emerging markets last year, according to data released on Wednesday by the Global Private Capital Association (GPCA). This surge represents a nearly 40% increase over the previous record set in 2016, highlighting a significant pivot as returns on Western projects tighten and traditional bank lending becomes more restrictive.

A maintenance worker cleans a railing at the Indonesia Stock Exchange while stock market data reflects on the glass in Jakarta. REUTERS/Ajeng Dinar Ulfiana
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