Private Credit Gears Up for Biggest Year in Emerging Markets
Many of the biggest deals were in India, where Modi’s infrastructure push is increasing the funding demands for everything from solar power to roads.
Photographer: Dhiraj Singh/BloombergEmerging markets are on a tear this year and that is drawing some of the hottest names in finance — lenders from the world of private credit.
Funding by the likes of Blackstone Inc. and Apollo Global Management Inc. is putting EM deals from private lenders on course for the biggest year on record. The first half of 2025 saw $11.7 billion deployed, already nearly reaching 2024’s full-year total, according to the Global Private Capital Association.