SME lending takes off

Private debt lenders are heavily focused on supporting smaller businesses.

More than half of all private debt lending is to SMEs and mid-market companies, according to data from the Alternative Credit Council.

Just over half of capital allocated by the industry has focused on SMEs and mid-market firms, which are one key are where governments globally want to see improved financing.

Larger corporates and real estate lending are the next two largest areas of investment with 11 percent and 9 percent of investment respectively.