Private credit investing is gaining momentum in 2024

Private credit investing is gaining momentum in 2024, with institutional inflows topping $1.3 trillion globally. Analysts project continued double-digit growth as tighter bank lending boosts demand for alternative financing, potentially impacting equities in sectors reliant on private capital. A recent report from the automaker trade group Alliance for Automotive Innovation found that only one public charger is available for about every 30 EVs on the road. The whole or any part of this material may not be directly or indirectly reproduced, copied, modified, used to create a derivative work, performed, displayed, published, posted, licensed, framed, distributed or transmitted or any of its contents disclosed to third parties without the Firm’s express written consent. This material may not be linked to unless such hyperlink is for personal and non-commercial use. All information contained herein is proprietary and is protected under copyright and other applicable law. S&P Global data from Q2 2024 shows private credit investing defaults steady at 1.8%, well below syndicated loan levels, supporting bullish sentiment for related stocks in asset-backed finance.