Blackstone’s Zawadzki Sees Private Credit as $25 Trillion Market
- Asset-based finance remains attractive space for the firm
- Tight spreads in public markets make case for private credit
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The $1.7 trillion private-lending industry is still “in batting practice” before it swells to a $25 trillion market, according to one of its powerhouses, Blackstone Inc.
Given the funding needs for financing data centers and energy transition, there’s room to grow to hit the $25 trillion mark, Michael Zawadzki, Blackstone Credit and Insurance’s global chief investment officer said Friday in an interview with Bloomberg Television.