Reported 9 months ago
According to Marathon Asset Management's CEO, Bruce Richards, the private-credit market, which is currently valued at $1.7 trillion, has the potential to expand to $15 trillion in the next decade as lending diversifies. This growth is driven by factors like banks withdrawing from risky lending and increasing demand from investors like pension funds and insurers. Richards also foresees asset-backed lending becoming a $6 trillion market, emphasizing the significant potential of the private credit sector.
Source: YAHOO