of an investors returns can be attributed to how their portfolio is allocated across asset classes - more so than individual security selection or market timing

Brinson, Hood, and Beebower. 1986 research paper.

Private credit has quietly become one of the most powerful forces in modern finance, and it's not slowing down.

Asset-Based Lending Market Size in USD Trillion 2022 - 2028

 
Source: Maximize Market Research

For investors and businesses, these projections highlight the growing importance of private credit as a flexible financing option in the evolving global financial landscape.

Consistent Performance Across Economic Cycles

Global Market Momentum

The global private credit market has surpassed $2.1 trillion, reflecting a fourfold increase over the past decade— marking it as one of the fastest-growing asset classes globally.

Sustained Growth Trajectory

With demand accelerating, global private credit assets are projected to reach nearly $3 trillion by 2028, supported by a shift toward private, flexible capital solutions.

Institutional Capital Driving Expansion

Pension funds, sovereign wealth funds, and insurers worldwide are allocating more to private credit, seeking yield, diversification, and downside protection in uncertain markets.

Proven Resilience in Volatile Markets

Private credit has demonstrated consistent performance across economic cycles—providing investors with stability, income, and low correlation to traditional public markets.

Geographic Diversification

While North America remains the largest contributor, Europe now accounts for approximately 25% of private credit capital raised, highlighting a significant global footprint.

The statement that "global private credit assets are projected to reach $3 trillion by 2028" is supported by several reputable sources. For instance, BlackRock forecasts that the global private debt market will double to $3.5 trillion by 2028, driven by factors such as increased demand for private financing and reduced bank lending . Similarly, the Alternative Credit Council (ACC) reports that the global private credit market has already surpassed $3 trillion in assets under management (AUM)

What’s driving the momentum?

Income

Private credit generally offers the possibility for income from interest payments and fees.

Yield Spread

Private credit may provide a yield spread above public corporate bonds to compensate for the “illiquid” or non-tradeable nature of the investments.

Diversification

Private credit exhibits lower correlation with public markets compared to traditional asset classes like equities and bonds - helping to reduce portfolio volatility and enhance risk-adjusted returns.

Custom Portfolios

Investors can build highly tailored portfolios that blend multiple private credit strategies —optimising for diversification and risk-adjusted returns across a range of exposures.

Evolve Your Wealth Through Exclusive Private Market Access

Direct lending shows the strongest growth

We operate at the intersection of this global momentum - connecting sophisticated investors with issuers across the expanding landscape of private credit. Whether you're seeking direct lending exposure, asset-backed structures, or off-market opportunities, we provide access to high-quality deals through a network of trusted, specialist partners. 

AUM figures exclude funds denominated by Yuan Renminbi                                                                                 Values relate to end of year                                                                                      To avoid double counting, totals exclude secondaries and funds of funds
Sources: Morgan Stanely, Preqin, Reserve Bank of Australia, Moody's