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Market View: What should we watch out for in private credit markets in 2024?
In this special edition of Market View, we’re going to take you through some of the key highlights for the private credit market in 2023, as well as what to watch out for in 2024. But first things first, what exactly is private credit? Well, according to Preqin, private credit refers to the provision of debt finance to companies from funds, rather than banks, bank-led syndicates or public markets. This mode of financing has seen continued global momentum of late. For one thing, local bank DBS said private credit soared to US$1.6 trillion globally and US$350 billion in dry powder. But what is…
The skinny
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