JPMorgan Sees a Record $30 Billion Private Debt Changing Hands
- Investors seeking liquidity fueling a boom in secondary market
- Sovereign funds in the Middle East are ramping up presence
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Investors seeking liquidity are set to exit their stakes in private credit funds at a record pace this year, according to JPMorgan Asset Management.
More than $30 billion of private credit is expected to change hands in the nascent secondary market this year — an increase from as little as $3 billion in 2019, Andrew Carter, who oversees JPMorgan’s credit secondaries strategy, said in an interview.