The Rise of Private Credit: Wall Street’s Hottest Investment Class

Private Credit: Wall Street’s Booming Investment Class in 2023

Private credit is quickly emerging as one of the most sought-after investment classes on Wall Street, with experts projecting it to reach a staggering $2.7 trillion by 2027. A recent report by alternative data platform Preqin highlights the remarkable growth of this asset class, which has expanded from a mere $250 billion in 2010. Leading firms like Apollo Global and Ares Management have played a pivotal role in transforming the market and propelling private credit forward.