Niche Private Credit Strategies Becoming More Core, Report Shows

Private credit strategies such as asset-based finance and infrastructure credit are shedding their niche status and becoming central to the growth of the asset class, a report from the Alternative Credit Council showed.

Asset-backed lending, real estate debt and infrastructure debt now jointly account for 40% of total private credit assets under management, according to the report, based on 53 respondents who collectively deployed about $333 billion in 2023.

“Private credit is stepping in to lend in the broader real economy,” John Golden, partner and global head of insurance regulation at Apollo Global Management, said in the report, which was ...