Bloomberg reported that BlackRock predicts that the global private debt market will roughly double to $3.5 trillion by 2028.
According to the Bloomberg report, BlackRock is forecasting that major shifts in financial markets will spur more borrowers to seek out private funds for financing, especially as some banks pull back from lending, according to a note published on Thursday by Amanda Lynam, BlackRock’s head of macro credit research.
Read the full Bloomberg report here.