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(Bloomberg) BlackRock Inc. aims to expand its private credit business by double digits every year, according to a senior executive, as the world’s largest fund manager joins a string of big-name investment firms in embracing the fast-growing sector.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PolicePoland Sends Troops to Belarus Border After Airspace BreachStock Traders Fret Over a Steeper US Yie
The $1.5 trillion private credit market is appealing to investors at a time when borrowing costs are rising because the loans that fund managers provide are floating rate.
Discover 2023's leading private equity players in media and Hollywood, the top firms financing the entertainment industry with strategic funding and investments.