A new study published by European private debt manager Pemberton and the Saïd Business School, University of Oxford, charted rapid growth in the private debt market that totals $887 billion as of last year, reflecting growth of over $612 billion since the global financial crisis (GFC) in 2009.
The rise of the U.S. private debt market predates the European market expansion, according to researchers, but the European private debt market grew significantly faster during the years after the GFC, mainly driven by direct lending, a sub-strategy within private debt. Accounting for just 2% of . . .
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