New data analysis from Intertrust (Intertrust Group) and in partnership with data analytics company Convergence, reveals that assets in private credit funds now total $1.6 trillion, a rise of 53% over the past five years.
Intertrust Group’s new report, ‘The accelerated growth of private capital: navigating its complexity and operational growing pains’ identified 3,967 private credit funds at the end of March 2022 – a 56% increase since 2017.
The report highlights that, thanks to its rapid growth, the simplest form of private credit – direct lending – is already quite a mature market.
According to the report, around $5 trillion is invested in alternative fixed income-oriented funds worldwide (excluding mutual funds and business development companies), with c2,500 advisers managing almost 15,000 credit and fixed income funds.
Looking at strategies, Intertrust Group’s data review found numerous strategies among the active managers of credit funds, including private credit, speciality finance, asset-based finance, structured credit, diversified credit and non-distressed and distressed assets. Of those, private credit and diversified credit that have seen the greatest growth of 61% and 39% in the past five years.
