Apollo Says Private Credit May Reach $40 Trillion by 2030
- Asset manager says asset-based finance already $20 trillion
- Akila Grewal, global head of credit product, speaks in podcast
Apollo Global Management said that a booming part of private credit is already a $20 trillion industry and that the market as a whole may reach $40 trillion within the next five years.
“We’re going to get there really soon,” Akila Grewal, Apollo’s global head of credit product, said in Bloomberg Intelligence’s latest Credit Edge podcast. “You’re going to see a lot more private credit offerings and strategies focused on asset-based” finance.