Private credit activity accelerated in emerging markets in 2022

GPCA report says private credit reached a record, besting private equity and venture capital, largely due to distressed opportunities.

A new report by the Global Private Credit Association has found that private credit investment accelerated in emerging markets in 2022, in contrast with venture capital or private equity activity.

The sector increased year over year to reach its highest level on record, at $10.8 billion, as private credit fund managers stepped up and into non-performing and distressed opportunities, especially in Asia and Latin America.