Some of the world’s largest private credit firms anticipate a surge in lending across Asia-Pacific in 2024, focusing on higher-quality borrowers over distressed cases. A Bloomberg survey, featuring firms like Apollo Global Management and Blackstone, predicts a market growth of over 10%. Sectors like education, healthcare, and consumption are deemed promising for deals. Private credit, offering competitive returns, is gaining ground as banks reduce financing. M&A activities are expected to drive demand, with demographic shifts and economic rebound further fueling growth. While Australia’s private credit market hits record highs, caution lingers over China’s economic slowdown and geopolitical tensions.
