Global financial authorities are stepping up scrutiny of the fast-growing private credit sector, warning that its rapid expansion and increasing complexity could pose risks to financial stability if left insufficiently monitored.
The sector, which has expanded more than tenfold since 2009 to an estimated $1.5tn–$2tn in direct lending, has become an increasingly important source of financing for corporates across both developed and emerging markets. While activity in advanced economies has contin...
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