Private credit in emerging markets surges to record

Investors ploughed a record $22.3 billion of private credit into emerging markets last year, according to data released on Wednesday, amid banks tightening their lending and wobbles in traditionally ​safe markets.

The total is nearly 40% higher than the previous record ‌in 2016, according to the data from the Global Private Capital Association, and provides a window into the private credit pivot into emerging markets as returns on Western projects tighten – and concerns over defaults rise. READ MORE