Private Credit Hit Deployment Record Last Year, ACC Report Says

The amount of capital that private credit firms have deployed reached a record last year, according to a new report from the Alternative Credit Council, with the larger players like Ares Management Corp., Apollo Global Management Inc. and Blackstone Inc. playing an increasingly dominant role.

Capital deployed in private credit deals ballooned to $592.8 billion in 2024, a 78% year-on-year increase from the $333.4 billion deployed the previous year, according to the report by the ACC, an industry body for private credit funds that’s affiliated with the Alternative Investment Management Association.