Private Credit Boom May Surge to $15 Trillion, Marathon CEO Says
- Marathon’s Richards sees sector surging in next decade
- Asset-backed lending, LMEs seen fueling the expansion
Bruce Richards
Photographer: Christopher Goodney/BloombergThis article is for subscribers only.
The private-credit universe — already one of the fastest-growing markets — has room to balloon to $15 trillion over the next decade from $1.7 trillion today as types of lending broaden and expand, said Bruce Richards, whose Marathon Asset Management invests in a multitude of credit markets.
“It’s going to be $15 trillion, that same sector in the next eight to 10 years, which is a really big number,” Richards said Thursday at an event at New York University’s Stern School of Business.